|Address||1413 - 1417 Albany Highway, Cannington|
|Net Passing Income||$438,709.56 per annum* plus GST (*approx.)|
|Major Tenants||Rivers, New Idea Furniture|
|Land Area||5,567 square metres|
|Building Area||2,160.40 square metres|
|Zoning||"Centre" under the City of Canning's Town Planning Scheme No. 40|
|Method of Sale||"Private Treaty"|
|Asking Price||Sold for $6.15M on 10 October 2018|
Vend Property is pleased to offer 1413 – 1417 Albany Highway, Cannington in Western Australia for sale by Private Treaty.
The subject property is comprised of two separately leased showroom tenancies, one of which is leased to a national retailer (Rivers) with a combined net lettable area of 2,160.40 square metres. The site has direct access to both Albany Highway and Liege Street.
Key Investment Considerations
- Freestanding Building
- Prominent Highway location with over 70,000 cars passing per day
- Guaranteed Growth with Annual Fixed Increases
- 101 Exclusive Car Bays
- Directly Opposite Bunnings