SOLD
Sold on 20 Nov 2024 for $415,000

86 South Coast Highway
Orana WA 6330

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1158m2
Land area: 1157m2
Sold By
@realty Perth
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Property Details for 86 South Coast Hwy, Orana

Building Type
Commercial
Year Built
1945
Floor Size
1158m2
Land Size
1157m2
Local Government
Albany
Lot/Plan
85/P000513

Last Listing description (October 2023)

HIGH EXPOSURE, VERY STRONG BUSINESS, ACCOMMODATION SUPPLIED AND EXCELLENT LIFESTYLESet on South Coast Highway, which is Albany's main arterial road heading West, this Convenience Store business has a high exposure to a substantial traffic flow from which to draw customers. The business is in Orana, which along with its neighbour McKail, are two fast developing suburbs of Albany as the larger blocks are infilled and new homes are built on the available land, all of which provides extra clientele.Early morning starts have seen this business capture the "Tradie" buy and go food market. With fuel also available, many of those patrons are surprised at the quality and range of food available. Most food is made on site providing customers with a range of homemade style fare which sets this establishment apart from the others.Turnover has been very consistent and as a bonus since the Covid 19 Lockdown, business has increased.Plant and equipment are in excellent condition with an easy-to-use kitchen and good storage and chiller space.The current owners have very flexible hours with the use of employees that delivers not only an excellent income but a nice lifestyle as well.Good accommodation on site is provided with the business which will save you time and a lot of money. Importantly, the business will come with a long lease with options.This business will easily provide you with a sound income and pay the free hold off. Very well priced at $425,000 (sold as a going concern - GST free) which will certainly allow you to be the master of your own destiny.For further information please contact Jeremy Stevenson from @realty on 0427 183 688

Property History for 86 South Coast Hwy, Orana, WA 6330

A timeline of how this property has performed in the market
Last Sold
$415,000
20 Nov 2024
  • 20 Nov 2024
    Sold for $415,000
  • 06 Apr 2021
    Listed for Sale Freehold $425,000 - Business $190,000 plus SAV
  • 22 Nov 2019
    Listed for Sale $246,430 plus stock
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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 82.15% increase in median value, while Units have seen a 56.31% increase. As at 30 November 2024:

  • The median value for Houses in Orana is $471,768 while the median value for Units is $375,296.
  • Houses have a median rent of $480.
There are currently 9 properties listed for sale, and 1 property listed for rent in Orana on OnTheHouse. According to CoreLogic's data, 41 properties were sold in the past 12 months in Orana.

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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.