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.
