A steady supply of quality commercial tenants, sound annual returns, potential to further develop the site and a prominent location near Albany's CBD, make this 3,894sqm commercial property essential viewing for the discerning investor or Self-Managed Super Fund trustee seeking to strengthen their portfolio.
Currently used as a medical centre and leased to tenants providing a range of health-related services, the modern, well-maintained building features a versatile 557sqm floor area.
Boasting full occupancy, the building attracts gross annual returns of $151,487PA.
In its current configuration, the building features a spacious reception area, eight separate consulting rooms/offices, another consulting area incorporating treatment bays and a rehabilitation gym, and hydrotherapy pool room with office and client and staff showers. The building also has disabled access and contains a laundry, storeroom, client and staff toilets, and staff kitchen. The property has access to excellent off-street parking shared by an adjoining fitness centre.
With further development an option and historically showing a reliable leasing track record, this property has considerable investment potential.