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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.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
2,357 SF
Building Class
C
Price
$713,246
Price Per SF
$302.57
Percent Leased
Vacant
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

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • Ground
  • 2,357 SF
  • Retail
  • -
  • Now

Positioned in a thriving and well-connected pocket of St Albans, 39 Rhodes Street offers a rare opportunity to lease a versatile freehold property designed for multi-purpose occupancy. The site spans 779 square meters and includes two prominent shopfronts with direct street exposure, an attached two-bedroom residence, and a generous outdoor yard with storage features. This adaptable configuration supports a wide array of potential uses, including hospitality, retail, medical, studio, or childcare, subject to council approval. The property lies adjacent to University Park Primary School and is within easy reach of Victoria University, Sunshine Hospital, St Albans Market, and Ginifer Station, ensuring high visibility and consistent engagement with local foot traffic. Convenient access to major arterial roads strengthens connectivity across Melbourne’s western growth corridor. With onsite parking for four vehicles and ample outdoor space, the premises combine usability with operational flexibility, making it an attractive choice for businesses seeking a well-located hub in an area geared for ongoing commercial expansion.

Space Size Space Use Position Available
Ground 2,357 SF Retail - Now

Ground

Size
2,357 SF
Space Use
Retail
Position
-
Available
Now

Ground

Size 2,357 SF
Space Use Retail
Position -
Available Now

Positioned in a thriving and well-connected pocket of St Albans, 39 Rhodes Street offers a rare opportunity to lease a versatile freehold property designed for multi-purpose occupancy. The site spans 779 square meters and includes two prominent shopfronts with direct street exposure, an attached two-bedroom residence, and a generous outdoor yard with storage features. This adaptable configuration supports a wide array of potential uses, including hospitality, retail, medical, studio, or childcare, subject to council approval. The property lies adjacent to University Park Primary School and is within easy reach of Victoria University, Sunshine Hospital, St Albans Market, and Ginifer Station, ensuring high visibility and consistent engagement with local foot traffic. Convenient access to major arterial roads strengthens connectivity across Melbourne’s western growth corridor. With onsite parking for four vehicles and ample outdoor space, the premises combine usability with operational flexibility, making it an attractive choice for businesses seeking a well-located hub in an area geared for ongoing commercial expansion.

  • Listing ID: 40183660

  • Date on Market: 4/17/2026

  • Last Updated:

  • Address: 39 Rhodes Street, St Albans, VIC 3021

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