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39 Rhodes Street 2,357 SF 100% Leased Retail Building St Albans, VIC 3021 $709,147 ($300.83/SF)
Investment Highlights
- Two established shopfronts providing immediate street exposure and versatile layout options.
- Ample outdoor space with shedding and scope for additional improvements or redevelopment (STCA).
- Includes a fully appointed two-bedroom residence with private amenity.
- Freehold landholding of approximately 779 square meters with no body corporate.
Executive Summary
39 Rhodes Street offers a unique freehold opportunity in a high-growth corridor of Melbourne’s western suburbs. Spanning approximately 779 square meters of land, the property combines two prominent street-facing commercial shopfronts, a self-contained two-bedroom residence, and a spacious rear yard with additional shedding. The site provides exceptional versatility for owner-occupiers, investors, or developers seeking solid income potential and long-term value.
Located adjacent to University Park Primary School and within proximity to Victoria University, Sunshine Hospital, and the thriving St Albans Market precinct, this property capitalizes on strong foot traffic and connectivity. Easy access to Ginifer Station, major arterial roads, and key community amenities enhances its appeal. Potential use cases range from hospitality and retail to medical, childcare, or bespoke professional services, subject to council approval. Development possibilities (STCA) further underline the site’s adaptability and future upside in an area experiencing strong population growth and infrastructure investment.
Located adjacent to University Park Primary School and within proximity to Victoria University, Sunshine Hospital, and the thriving St Albans Market precinct, this property capitalizes on strong foot traffic and connectivity. Easy access to Ginifer Station, major arterial roads, and key community amenities enhances its appeal. Potential use cases range from hospitality and retail to medical, childcare, or bespoke professional services, subject to council approval. Development possibilities (STCA) further underline the site’s adaptability and future upside in an area experiencing strong population growth and infrastructure investment.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,357 SF
Building Class
C
Price
$709,147
Price Per SF
$300.83
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.19 AC
Parking
4 Spaces (0.17 Spaces per 1,000 SF Leased)
Frontage
28’ on Rhodes Street
Amenities
- Fenced Lot
- Storage Space
- Recessed Lighting
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39 Rhodes Street
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