$2,100,000

47 Grey Street East, Albany, WA 6330

Outstanding Opportunity in Historic Albany

Only rarely are lifestyle businesses of this high calibre combined with prime real estate offered for sale.
This beautiful heritage property consists of a superior-quality, short-term accommodation complex on a valuable block of 1756sqm, in a historic area on the edge of Albany’s CBD and with views of Princess Royal Harbour.
With a proven track record of high occupancy and a good proportion of return clients, My Place Colonial Accommodation has provided an excellent income for the same family for more than 16 years.
Set in beautiful gardens, the buildings in this impressive complex have been extended and meticulously restored to reflect their original charm and outstanding architectural character. One of the main buildings dates from 1896; the other from the 1940s.
To cater to the needs of today’s guests, modern appointments blend tastefully with period features such as timber flooring, decorative cornices, and pressed tin panels.
One spacious upper-storey apartment was designed as owners’ housing with two bedrooms, a full-sized kitchen with dishwasher, lounge, separate dining area, private balcony with harbour views, bathroom, and abundant storage.
The rest of the accommodation consists of three open-plan studios for couples or singles; two one-bedroom apartments, each sleeping three people; and two two-bedroom apartments. Some enjoy harbour views.
All units are fully furnished with character pieces and super-comfy beds. Each has a TV lounge, dining area and well-equipped kitchen with a cook-top, fridge, microwave, cookware, crockery and utensils.
Some units have a private balcony; others access a guest barbecue and sheltered gazebo in the leafy back yard, among manicured lawns and pretty gardens.
There’s a big laundry and storeroom, available for guest use, paved parking areas for each unit and a guest reception.
The eateries, pubs, entertainment and shops in York Street are a short walk away, making this accommodation first choice for many tourists and corporate guests alike.
This is a substantial freehold package presenting a rare combination of quality, character accommodation in a highly desirable area with potential for significant capital growth and an established, profitable and manageable business.
Immaculately presented and stylishly finished, it allows flexibility for the owners to enjoy ample downtime as well as the myriad attractions of this prime tourist destination and one of WA’s earliest settlements.