204A Main Road East 2,099 SF Retail Building St Albans, VIC 3021 $940,810 ($448.23/SF) 4.40% Cap Rate

An outstanding freehold investment opportunity positioned on high-traffic Main Road East in the thriving heart of St Albans. This securely leased asset delivers a strong holding income and minimal landlord responsibilities, making it an ideal set-and-forget investment.
Currently generating $57,231 per annum plus GST, with the tenant paying 100% of outgoings, the property is underpinned by a long-term lease expiring June 30, 2038, inclusive of structured CPI-linked annual increases. Such security provides immediate, consistent cash flow paired with substantial long-term growth potential.
Benefiting from Commercial 1 Zone designation, the property combines retail prominence with future versatility, presenting upside through potential residential or mixed-use redevelopment (STCA). Additional features include rear access, two on-site car spaces, and excellent connectivity via established public transport links and major arterials.
Surrounded by a mix of established businesses and strong local amenities, this asset offers investors a commanding position within an established high-growth corridor, moments from key retail and community hubs.