3/1440-1442 Albany HighwayCannington WA 6107
Property Details for 3/1440-1442 Albany Hwy, Cannington
Last Listing description (October 2024)
Seize the opportunity to acquire a prime retail leased investment in the thriving commercial hub of Cannington. This high-profile property offers a secure income stream with a quality tenant in place since 2014, making it an ideal addition to any investment portfolio.Investment highlights:- Prime location: situated on Albany Highway, one of Perth's busiest arterial roads, ensuring constant exposure and strong demand.- Secure lease: lease in place with a reputable tenant since 2014, providing consistent rental income.- High traffic area: surrounded by popular retail outlets, eateries, and major shopping centres, driving significant traffic to the area.- Retail space: well-maintained property featuring contemporary finishes and a functional layout, appealing to a wide range of tenants.- Growth potential: Cannington is a rapidly growing commercial precinct with ongoing developments, offering strong potential for capital appreciation.- Parking accessibility: ample on-site parking enhances convenience for customers and staff, contributing to tenant retention.- Lease details: provided upon request.Invest in a property that combines stability, location, and growth potential. Don't miss this chance to secure a retail leased investment in one of Cannington's most sought-after locations.For further information or to arrange an inspection contact:Victor AloiRWC WAM: 0404 808 012E: victor.aloi@raywhite.com*Approximately
Property History for 3/1440-1442 Albany Hwy, Cannington, WA 6107
- 29 Aug 2024Sold for $1,080,000
- 13 Aug 2024Listed for Sale Offers from $1,100,000 (GST as going concern)
- 12 Sep 2014Listed for Rent $64,680 / year
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0About 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.
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