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204A Main Road East

St Albans VIC 3021

1
1
2
House
Currently for sale - view listing

Overview

Prime Freehold Investment with Future Residential Potential

An exceptional opportunity to secure a high-exposure freehold investment in the heart of thriving St Albans. Positioned along bustling Main Road East, this premium commercial property offers residential redevelopment potential and a strong holding income and long-term growth potential in one of Melbourne's most established retail precincts. Currently leased to a secure tenant returning $57,231 per annum (or approximately $4,769 per calendar month), plus GST and 100% of outgoings. The lease expires on June 30, 2038 - This is a true set-and-forget investment with immediate cash flow and minimal landlord responsibilities. Strategically located within a tightly held shopping strip surrounded by established businesses, public transport, and strong local foot traffic, the property benefits from outstanding street presence and excellent accessibility. Key Investment Highlights: *Securely tenanted investment - *Returning $57,2310 p.a. + GST + 100% outgoings *CPI increases annually *Tenant pays 100% of outgoings *Lease expiry - June 30, 2038 *Zoning: Commercial 1 Zone *Rear land access *High-exposure Main Road location *Strong surrounding retail and community presence *Excellent access to public transport and major arterial roads *Positioned within a high-growth western corridor Whether you are a seasoned investor seeking a solid addition to your portfolio or looking to secure a blue-chip commercial asset in Melbourne's west, this is an opportunity not to be missed.

Features

1 bedroom
1 bathroom
2 carspaces
2 open car spaces
House

Happy sellers in St Albans

92%
92% of sellers in St Albans reported that their sale price either exceeded or met their price expectations.

St Albans stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 91 reviews in St Albans over the last 12 months.

Local market activity for 1 bedroom houses in St Albans

In the last 12 months, 1 one-bedroom house similar to 204A Main Road East, have been sold.

This represents a 75% increase in one-bedroom houses sales when compared to the previous 12 months.

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