24 Vancouver Street, Albany WA 6330

Top Investment Potential in Central Albany

This exceptional property presents an exciting and unique investment opportunity – a brilliant building, excellent rent returns with potential for much more, and a large piece of land in a brilliant central position, with room for additional development.

Originally named ‘Dalkeith’ and subsequently ‘Brackley Flats’, the imposing late Victorian/federation home has a charming story and is brimming with warmth and soul, with brick fireplaces, wide floorboards, soaring ceilings, and majestic hallways – stunning character everywhere you look. Currently split into four apartments, the property has excellent long term tenants bringing solid rent returns, it is also perfectly suited to high-end short-stay accommodation with potential to achieve significant revenue.

Located in the heart of Albany, the property takes in harbour views, and sits in the beautiful historical precinct within easy reach of the cafes, bars, and eateries of town, and with the Brig Amity, Mutenup (Foundation Park), and renowned Albany Farmers Markets all close by.

With a massive 1,846sqm of land there is also scope to further develop the property, perhaps with a couple of units at the back.

As Albany grows, properties in central locations only become more valuable. Here you are not only buying a big chunk of prime land, you are buying an amazing building, superb income potential, and potential to develop further.

• Beautiful late Victorian/federation building constructed approximately 1885
• Large 1,846sqm lot, Residential R30/R40 zoning, potential for further development
• Excellent central location approximately 100m to the farmers markets and 250m to York St. Within easy reach of cafes, bars, and eateries of town
• In Albany’s historical precinct, with views to Princess Royal Harbour
• Divided into four apartments with long term tenants, solid rental income
• Each apartment two bed, one bath with large enclosed undercover area
• Very appealing shared courtyard at rear, shared gardens, three bay open shed
• Partially renovated, scope to modernize further
• Very suitable for high-end short-stay accommodation, top income potential
• Could be converted to single imposing home, but would need fairly extensive remodeling to do so
• Noted on local heritage survey, no state listing

This is a magnificent building in a brilliant location with so much on offer. Viewing by appointment only, for your private inspection or more information please contact Blair Scott on 0459 024 026.