Albany

348-354 Albany Highway, Albany, WA, 6330

Property Description

In November 2023, the Trust entered into an agreement with an unrelated third party for the divestment of the ex-Bunnings Warehouse property at Albany, Western Australia for $7.0 million. Settlement is expected to occur in June 2024. The property is situated prominently on the eastern side of Albany Highway, at its intersection with South Coast Highway, North Road, Chester Pass Road and Hanrahan Road, approximately one kilometre from the Albany town centre. This intersection is formed by a large roundabout which facilitates access to the property.

Land area

20,054 m²

The total GLA/retail area

13,660 m²

Bunnings lease commencement date

1/11/1999

Total Property Cost

$4,386,319

Current valuation

$6,900,000

Annual Rent

$920,062

Property Location

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