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Overview
This commercial freehold investment presents a unique opportunity to secure an asset with high visibility and immediate income in St Albans, a bustling suburb in Melbourne's established retail precincts. Located on the prominent and busy Main Road East, it benefits from exceptional street exposure, steady foot traffic, and excellent access to public transport and major arterial roads, making it an excellent long-term holding asset.
The property is leased to a secure tenant under a lease running until June 30, 2038, offering a stable annual income of $57,231 plus GST and outgoings fully borne by the tenant. The lease includes annual CPI increases and minimal landlord responsibilities, offering a true set-and-forget investment profile.
With Commercial 1 zoning and rear land access, the site holds potential for future residential redevelopment. The combination of a strong retail environment, long lease security, and strategic location within Melbourne's high-growth western corridor enhances its appeal to investors seeking low-risk, income-producing commercial property with potential upside.
- Secure lease delivering consistent income with tenant responsible for all outgoings
- Long lease term expiring in 2038 with annual CPI rent escalation
- High exposure along Main Road East within a thriving shopping strip
- Excellent connectivity to transport and surrounding retail and community facilities
- Potential for residential redevelopment due to zoning and land access
This property is well suited to investors looking to add a stable and potentially appreciating commercial asset to their portfolio in Melbourne's west, leveraging both immediate returns and future value growth opportunities.
Local Market Insights
In St Albans, Quiet Listings observed 30 new houses entering the market over the last 30 days, up from 23 during the previous 30-day period, with an average advertised asking price of $790,267. The property type mix of listed properties is predominantly Houses at 57%, followed by townhouses (14%), and land (11%). Realty Finder Group Pty Ltd was the most active agency in this area, representing 29.6% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
St Albans VIC 3021
Market Insights for St Albans VIC 3021
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
