OFF MARKET

475 Albany Highway
Orana WA 6330

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2508m2
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Property Details for 475 Albany Hwy, Orana

Building Type
Land
Land Size
2508m2
Local Government
Albany
Lot/Plan
405/P037217

Last Listing description (December 2018)

CBRE Western Australian Retail Investments, as exclusive selling agents, are pleased to offer Coles Orana, a superb freestanding supermarket in Albany, the agricultural and historical hub of Western Australia.
Located just 4.5km* from Albany Town Centre, the supermarket is strategically located on Albany Highway, the major freight route between Perth and Albany, and benefits from exposure to over
21,000* vehicles per day. The centre provides the most convenient supermarket in the regional town of Albany and caters to the high volumes of passing traffic, tourist population and to the

residential growth expected in the region.
The newly built Coles supermarket and Liquorland is a modern, purpose-built supermarket and liquor store situated on a large 2.91Ha* site with 254 car bays and an approved DA to allow for 658sqm* of additional specialty retail.
Strong income security backed by a 15 year net lease to Coles plus 4 x 10 year options and expected income growth from the turnover rent makes this investment a once in a generation opportunity.
*approx

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Property History for 475 Albany Hwy, Orana, WA 6330

A timeline of how this property has performed in the market
Last Sold
$1,182,500
20 Jul 2020
  • 20 Jul 2020
    Sold for $1,182,500
  • 28 Sep 2018
    Listed for Sale By Negotiation
  • 20 Nov 2017
    Sold for $532,473
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About Orana 6330

The size of Orana is approximately 2.4 square kilometres. It has 4 parks covering nearly 6.6% of total area. The population of Orana in 2011 was 2,009 people. By 2016 the population was 2,075 showing a population growth of 3.3% in the area during that time. The predominant age group in Orana is 0-9 years. Households in Orana are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Orana work in a labourer occupation. In 2011, 57.8% of the homes in Orana were owner-occupied compared with 60.9% in 2016.

Orana has 1,016 properties. Over the last 5 years, Houses in Orana have seen a 83.18% increase in median value, while Units have seen a 18.33% increase. As at 31 October 2024:

  • The median value for Houses in Orana is $471,607 while the median value for Units is $308,478.
  • Houses have a median rent of $490.
There are currently 7 properties listed for sale, and 1 property listed for rent in Orana on OnTheHouse. According to CoreLogic's data, 36 properties were sold in the past 12 months in Orana.

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