88 Stead RoadCentennial Park WA 6330
Property Details for 88 Stead Rd, Centennial Park
Last Listing description (August 2023)
One Kilometre from Albany's CBDDon't miss this opportunity to secure a commercial leased investment returning a net of $83,250 PA with annual CPI increases with tenant being in place since 2018.Flexible office configuration comprising 12 offices, conference/boardroom, large open office area, kitchen, dining room, numerous storage rooms and large workshop/warehouse.Key details of the Investment Opportunity;- One kilometre from CBD- Land area 2732m2. Building 655m2- Fully leased. Excellent onsite parking- Annual rent $83,250 plus outgoings plus GSTExpressions of Interest
Property History for 88 Stead Rd, Centennial Park, WA 6330
- 03 Jul 2023Sold for $1,200,000
- 05 May 2023Listed for Sale Expressions of Interest
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0About Centennial Park 6330
The size of Centennial Park is approximately 2 square kilometres. It has 1 park covering nearly 28% of total area. The population of Centennial Park in 2011 was 568 people. By 2016 the population was 620 showing a population growth of 9.2% in the area during that time. The predominant age group in Centennial Park is 70-79 years. Households in Centennial Park are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Centennial Park work in a trades occupation. In 2011, 51% of the homes in Centennial Park were owner-occupied compared with 53.8% in 2016.
Centennial Park has 854 properties. Over the last 5 years, Houses in Centennial Park have seen a 55.58% increase in median value, while Units have seen a 45.84% increase. As at 31 January 2025:
- The median value for Houses in Centennial Park is $521,383 while the median value for Units is $363,547.
- Houses have a median rent of $430 while Units have a median rent of $445.
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