204a Main Road East, St Albans VIC

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 *Tenant pays 100% of outgoings *CPI increases annually *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. Read More