Property investors, or developer owner occupiers looking for a character property from which to reside will want to look closely at this charming Victorian cottage within the CBD.
Built in the 1870s as a residence for the Moir family, Gilbert’s Cottage at 49 Collie Street is recorded on the City of Albany Municipal Heritage Inventory.
The current zoning is Regional Centre Mixed Use which allows many different uses at the property. The density is R30/40 which allows for the opportunity of development at the rear.
The side driveway has been realigned to ensure the side is ample width for further development. A rear development could consist of residential, short stay, commercial, childcare, medical or a combination.
Currently the building consists of the separate rooms, one common area and two toilets at the rear. Commercial leases are currently in place for the three consulting rooms. The rent varies from $375 to $550 per month.
This individual-leasing arrangement reduces the risk of vacant rooms for the owner, while being an attractive, affordable proposition for tenants. It could, however, be leased to one tenant or used by the owner for similar purposes.
Built of solid rendered brick with a Colorbond roof, the cottage displays typical architecture of its era, such as the symmetrical facade with a central front door and a window on either side.
Timber sash windows, well-proportioned rooms and high ceilings characterise this building, which has been well preserved and maintained.
Inside, a big, carpeted reception area fitted with a desk serves for all three tenant practices. Of these three sizeable consulting rooms, one has a double sink, and all three share two lockable toilets reached via the sheltered back porch.
A driveway at the side of the cottage provides off-road parking and leads through to an expanse of lawn at the rear of the 908sqm block.
This versatile character cottage provides an opportunity to invest is a rare piece of historic Albany with commercial benefits.
What you need to know:
- 1870s character cottage in Collie Street
- 908sqm block in CBD
- Solid brick construction, Colorbond roof
- Timber sash windows, high ceilings, generous rooms
- Three rooms currently leased independently
- Large, carpeted reception area with desk
- Two toilets
- Off-road parking
- Big lawn at rear
- Ideal for investor or professionals for own operation
- Potential uses under current zoning.