With excellent exposure to busy Sandgate Road the property presents a great opportunity to lease a freestanding commercial building in the popular suburb of Albion.
Built for the Commonwealth Bank circa 1928 the building retains some of its original character features and currently has a professional full office fit out with open plan work area, partitioned offices, storage and amenities on the ground floor. The 1st floor has a large staff breakout area, storage and amenities.
Situated on a busy retail/commercial strip on Sandgate Road the property is surrounded by successful and popular businesses including Sitar Indian Restaurant, The Albion Hotel, Artie and Mai and Thaiways.
The size of Albion is approximately 1.4 square kilometres. It has 6 parks covering nearly 22.1% of total area. The population of Albion in 2011 was 1,986 people. By 2016 the population was 2,290 showing a population growth of 15.3% in the area during that time. The predominant age group in Albion is 20-29 years. Households in Albion are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Albion work in a professional occupation. In 2011, 47.4% of the homes in Albion were owner-occupied compared with 37.5% in 2016.
Albion has 2,434 properties. Over the last 5 years, Houses in Albion have seen a 53.15% increase in median value, while Units have seen a 69.78% increase. As at 31 October 2024:
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