Proudly retaining its century-old heritage, this beautiful building in Albany's CBD presents an opportunity for savvy investors to benefit from an established, profitable and easily managed business.
Fastidiously preserved and extended since its 1920s beginnings, the property has been stylishly modified into four modern, short-stay accommodation units showing a good income and high numbers of tourist and corporate clients, including return visitors.
With a two-level façade and a single-storey extension, the brick and iron building occupies a 728sqm block with seven off-road parking spaces and low-maintenance gardens at the back.
The older front section displays some lovely original features such as high, decorative ceilings, panel doors and timber window surrounds.
All units are equipped with practical, modern amenities and furnishings, and finished with smart flooring and blinds set off with clean, white décor.
Each of the four units features an air-conditioned, open lounge, meals area and well-equipped kitchen with an electric cook-top, under-bench oven and dishwasher.
One is an upper-level unit with views over town to Mount Clarence from the front and Mount Melville at the back. This has two bedrooms, two bathrooms and its own laundry.
Another on the ground floor is designed for accessibility with level entry into all rooms, wide doorways and a spacious shower room. This is also a two-bedroom unit with its own private rear patio sheltered by trees.
The other two are one-bedroom, one-bathroom units on the lower level.
A laundry with two washing machines and a dryer are strategically positioned for guest use and there's an office and store room besides.
Owners may manage the accommodation remotely through online bookings and each unit having a digital key lockbox, enhancing its appeal as a lifestyle business.
Zoned Regional Centre Mixed Use, this is prime real estate in Albany's historic precinct with real potential for capital growth.
It is within a short stroll of shops, cafés, restaurants and entertainment, and is well located for tourist activities and attractions.
What you need to know:
- 1920s CBD building, preserved, extended and modernised
- Converted into four short-stay holiday units
- Original features integrated with modern appointments
- One upper-level unit, two bedrooms, two bathrooms, views
- One two-bedroom, easy-access unit, two bathrooms, private patio
- Two one-bedroom, one-bathroom units
- All with air-conditioned lounge, meals area, kitchen with dishwasher, electric cooking
- Short stroll to shops, cafés, restaurants, entertainment
- Well located for tourist activities and attractions
- Online booking and key lockbox system
- Office, store room, guest laundry
- Nine off-road parking spaces
- Zoned Regional Centre Mixed Use
- Council rates $7242.51
- Water rates $3255.06
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