183 Albany HighwayMount Melville WA 6330
Property Details for 183 Albany Hwy, Mount Melville
Last Listing description (September 2020)
183 is a prime corner landholding situated on the door step of the Albany Town Centre. Perched on an elevated position this property cannot be missed by traffic arriving and departing from this busy South West hub. Porter Commercial are pleased to offer for sale this highly secure investment opportunity. The prominent location has served current tenants Chicken Treat well, having occupied the property since 1997. Their intention is clear having signed a 10 year lease extension in 2017 as well as sharing in recent refurbishment costs with the current owners.The corner site has a generous area of 2,995sqm and development concept plans have been prepared, showing the ability to construct a second retail premises on the property (STCA), providing for further income. Existing Improvements comprise a brick & iron fast food restaurant with drive through facility, having a total building area of approximately 191sqm plus additional outdoor alfresco.
Property History for 183 Albany Hwy, Mount Melville, WA 6330
- 19 Aug 2020Sold for $1,450,000
- 15 Jan 2020Listed for Sale Offers Invited
- 23 Aug 2019Listed for Sale Contact Agent
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About Mount Melville 6330
The size of Mount Melville is approximately 2.9 square kilometres. It has 5 parks covering nearly 32% of total area. The population of Mount Melville in 2011 was 1,079 people. By 2016 the population was 1,084 showing a population growth of 0.5% in the area during that time. The predominant age group in Mount Melville is 60-69 years. Households in Mount Melville are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mount Melville work in a professional occupation. In 2011, 53.6% of the homes in Mount Melville were owner-occupied compared with 58% in 2016.
Mount Melville has 740 properties. Over the last 5 years, Houses in Mount Melville have seen a 69.17% increase in median value, while Units have seen a 30.14% increase. As at 31 October 2024:
- The median value for Houses in Mount Melville is $536,903 while the median value for Units is $271,530.
- Houses have a median rent of $470 while Units have a median rent of $290.
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