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Investment Highlights

  • Steps away from Alfrieda Street’s leading retail and dining amenities.
  • Close to major transport routes including the Western Ring Road.
  • Convenient access to St Albans Train Station, Victoria University, and Sunshine Hospital.
  • Substantial potential for mixed-use or multi-unit projects (STCA).

Executive Summary

Positioned in the heart of St Albans, this dual-lot property offers an outstanding opportunity for developers, investors, and future owner-occupiers seeking solid long-term returns. With an expansive 1,226 m² landholding and Residential Growth Zone – Schedule 1 (RGZ1) designation, the property is suitable for a range of development outcomes including mixed-use buildings, shops, offices, or apartment complexes (subject to council approval).
Situated steps from Alfrieda Street, the area’s primary retail and dining destination, this property enjoys walkable access to essential amenities such as Woolworths, Big Sam’s Market, Commonwealth Bank, Chemist Warehouse, and a wide array of local cafes and restaurants. Connectivity is a key advantage, with St Albans Train Station, Victoria University, and Sunshine Hospital all conveniently nearby. Major arterial routes including Main Road East and the Western Ring Road provide swift access to broader metropolitan Melbourne.
The existing residence offers comfortable space with three bedrooms and a private car space, allowing for flexible interim use while planning a redevelopment. With exceptional demographics and robust local demand for residential and mixed-use projects, this property represents a rare chance to secure prime land in a rapidly evolving urban precinct.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,723 SF
Building Class
C
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,723 SF
Building FAR
0.21
Lot Size
0.30 AC
Parking
8 Spaces (2.94 Spaces per 1,000 SF Leased)

Amenities

  • Controlled Access
  • Fenced Lot
  • Fireplace
  • Signage
  • Wheelchair Accessible
  • Kitchen
  • Demised WC facilities
  • Yard
  • Listing ID: 40210806

  • Date on Market: 4/20/2026

  • Last Updated:

  • Address: 2-4 Collins Street, St Albans, VIC 3021

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