FOR SALE
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31 & 31a Alfrieda Street
St Albans VIC 3021

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 440m2
Land area: 280m2
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Absolute Blue Chip. Secure Your Future!

This is your opportunity to secure one of the largest single shops in St Albans. Set in the always busy St Albans CBD and adjacent to IGA supermarket and huge carpark you will have an endless array of customers.
The building itself is 440m2 approx across two levels and has a land area of 280m2 approx.
Both levels have secure well established tenants with long term leases
Bottom level (31 Alfrieda Street) is trading as Quoc Huong Food Products which is a restaurant specialising in traditional Vietnamese cuisines and is currently leased at $8,100 approx per calendar month with a lease term of 5 years X 5 years X 5 years
Top level (31a Alfrieda Street) is trading as Phi Phi restaurant and is currently leased at $6,684 approx per calendar with a lease term of 1 year (remaining on current 5-year term) X 5 years

Property Details for 31 & 31a Alfrieda St, St Albans

Building Type
Commercial
Floor Size
440m2
Land Size
280m2

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About St Albans 3021

The size of St Albans is approximately 13 square kilometres. It has 36 parks covering nearly 8.4% of total area. The population of St Albans in 2011 was 35,091 people. By 2016 the population was 37,325 showing a population growth of 6.4% in the area during that time. The predominant age group in St Albans is 20-29 years. Households in St Albans are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in St Albans work in a labourer occupation. In 2011, 64.6% of the homes in St Albans were owner-occupied compared with 60.5% in 2016.

St Albans has 16,803 properties. Over the last 5 years, Houses in St Albans have seen a 16.30% increase in median value, while Units have seen a 13.32% increase. As at 31 July 2024:

  • The median value for Houses in St Albans is $661,052 while the median value for Units is $475,681.
  • Houses have a median rent of $440 while Units have a median rent of $420.
There are currently 174 properties listed for sale, and 40 properties listed for rent in St albans on OnTheHouse. According to CoreLogic's data, 541 properties were sold in the past 12 months in St albans.

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John Falcone
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Sang Do
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Sweeney Estate Agents Sunshine
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