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8-8A East Esplanade 2,799 SF 100% Leased Retail Building St Albans, VIC 3021 $1,266,475 ($452.54/SF)
Investment Highlights
- Ground-floor retail tenancy with secure lease returning $2,917 pcm.
- Combined annual income of approximately $52,683 plus outgoings and GST.
- Updated three-bedroom residence above returning $1,473 pcm.
- Rear access with secure car parking and nearby public parking options.
Executive Summary
This property offers a rare opportunity to acquire a mixed-use investment in the heart of St Albans’ established retail precinct. Positioned directly opposite the St Albans Train Station and bus interchange, the site benefits from strong pedestrian activity and excellent connectivity.
The property comprises a ground-floor retail shop with a secure lease returning $2,917 per calendar month and an updated three-bedroom residence above, generating $1,473 per calendar month. Combined, the property delivers an approximate annual return of $52,683 plus outgoings and GST, with fixed annual rental increases in place. Additional features include rear access with secure car parking and proximity to ample public parking facilities.
Surrounded by major retailers and service providers such as ANZ Bank, Woolworths, Chemist Warehouse, and KFL Supermarket, this property is well-positioned for long-term income stability. Its location within a revitalized transport hub further enhances its investment appeal.
The property comprises a ground-floor retail shop with a secure lease returning $2,917 per calendar month and an updated three-bedroom residence above, generating $1,473 per calendar month. Combined, the property delivers an approximate annual return of $52,683 plus outgoings and GST, with fixed annual rental increases in place. Additional features include rear access with secure car parking and proximity to ample public parking facilities.
Surrounded by major retailers and service providers such as ANZ Bank, Woolworths, Chemist Warehouse, and KFL Supermarket, this property is well-positioned for long-term income stability. Its location within a revitalized transport hub further enhances its investment appeal.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,799 SF
Building Class
C
Price
$1,266,475
Price Per SF
$452.54
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.26
Lot Size
0.05 AC
Parking
1 Spaces (0.35 Spaces per 1,000 SF Leased)
Frontage
23’ on East Esplanade
Amenities
- Bus Line
- Commuter Rail
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8-8A East Esplanade
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