SOLD
Sold on 05 Sep 2024 for $9,800,000

1468 Albany Highway
Cannington WA 6107

Bedrooms: -
Bathrooms: -
Car spaces: 175
Floor area: 250m2
Land area: 6449m2
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Property Details for 1468 Albany Hwy, Cannington

Building Type
Commercial
Floor Size
250m2
Land Size
6449m2
Local Government
Canning
Lot/Plan
301/D098597

Last Listing description (October 2023)

Tilt Commercial have the pleasure in offering to the market FOR SALE this prime position Showroom development for the first time in 30 Years. Located at the Eastern end of Albany Highway adjacent to the Nicholson Road intersection, this site is the ultimate asset for any astute investor looking for absolute street front exposure and unmatched access to the Cannington Commercial Strip. With approximately 100,000 cars passing the site daily this is a rare opportunity not to be missed.

Property Highlights include:

Building area 2,959m

Land Area 6,447m
150m of Albany Highway frontage
12 Independent Showroom units on one Title
8 Tenants across the development
Wide variety of business uses
Recent faade upgrade
Massive parking allocation -175 bays
4 crossovers
Interlocking carparks providing access to Nicholson Road
Further access to William Street
Newly Approved Digital sign board

The property is being offered for sale by Offers Invited closing at 4pm (WST) Wednesday the 29th of November.

For further information please contact Adam Yeo.

Property History for 1468 Albany Hwy, Cannington, WA 6107

A timeline of how this property has performed in the market
Last Sold
$9,800,000
05 Sep 2024
Listed for Rent
$4/w
29 Mar 2021
  • 05 Sep 2024
    Sold for $9,800,000
  • 25 Oct 2023
    Listed for Sale Offers Invited
  • 27 Nov 2019
    Listed for Rent $61,111 / year
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About Cannington 6107

The size of Cannington is approximately 4.1 square kilometres. It has 21 parks covering nearly 23.2% of total area. The population of Cannington in 2011 was 5,274 people. By 2016 the population was 5,930 showing a population growth of 12.4% in the area during that time. The predominant age group in Cannington is 20-29 years. Households in Cannington are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cannington work in a professional occupation. In 2011, 46.7% of the homes in Cannington were owner-occupied compared with 44.8% in 2016.

Cannington has 4,119 properties. Over the last 5 years, Houses in Cannington have seen a 86.62% increase in median value, while Units have seen a 82.24% increase. As at 31 October 2024:

  • The median value for Houses in Cannington is $680,876 while the median value for Units is $518,002.
  • Houses have a median rent of $650 while Units have a median rent of $600.
There are currently 56 properties listed for sale, and 23 properties listed for rent in Cannington on OnTheHouse. According to CoreLogic's data, 247 properties were sold in the past 12 months in Cannington.

Suburb Insights for Cannington 6107

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.