Realmark Commercial and Garland International are delighted to present to market an exceptional corner property situated on York Street in the heart of Albany.Prominently positioned on Albany's main street, just a few minutes walk from the cultural precinct. Albany's 129-year-old heritage listed building, The Premier Hotel has been restored with a multi-million dollar re-vamp.Developer Real Force and H + H Architects have reinvigorated the 600 pax capacity hotel. The two level hotel design has maximised the use of space by designing two bars across both levels - one upstairs with a balcony overlooking the Albany Town Centre.The new design also includes a combination of staff and management sleeping quarters as well as public and private lounges equipped for a range of functions.Property highlights include:- Occupying a prime 3125 sqm corner site- Situated Minutes walk to the cultural precinct, town hall, and a multitude on food and beverage locations- Owner Occupy or Investment Opportunity- Capability for 600 pax- Fully refurbished, completion end 2020- Fully refurbished manager and staff quartersEOI submissions close 1 December 2020For further information contact Michael Richardson at Realmark Commercial or Garland International.
The size of Albany is approximately 2.4 square kilometres. There are 6 parks, covering nearly 8.1% of the total area. The population of Albany in 2016 was 1313 people. By 2021 the population was 1403 showing a population growth of 6.8% in the area during that time. The predominant age group in Albany is 60-69 years. Households in Albany are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Albany work in a professional occupation.In 2021, 66.80% of the homes in Albany were owner-occupied compared with 61.70% in 2016.
Albany has 1,376 properties. Over the last 5 years, Houses in Albany have seen a 109.35% increase in median value, while Units have seen a 115.51% increase. As at 30 June 2026:
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