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329 Main Rd W
St Albans VIC 3021

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 320m2
Land area: 320m2
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High Profile Retail Corner With Solid Rental Return

This is a rare opportunity to acquire the entire ground floor level of a high-profile corner site in central St Albans. The three spacious shops are currently occupied by Che Desserts (Shop 1); Monster Korean BBQ restaurant (Shop 2); and a Vida Financial Services agency (Shop 3).
• Directly opposite is a major transport hub (with train station and bus interchange) brings thousands of people past the doors every day.
• Prominent corner site in the heart of thriving multi-cultural St Albans, at the intersection of two major arterials: St Albans Road and Main Road East.
• Shoppers come from many suburbs to buy groceries at the markets.
• Building area: 320 m2 Approximately
• Zoning: Commercial 1
• Currently on long term leases with an annual rental return of $177,500 plus outgoings and GST
This amazing portfolio is abounding in possibilities offering a profitable investment for years to come. Buy now as an investment or operate the shop/s yourself in the future.
For an Information Memorandum, contact Vinh Tran 0402 888 282

Property Details for 329 Main Rd W, St Albans

Building Type
Commercial
Floor Size
320m2
Land Size
320m2

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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 16,785 properties. Over the last 5 years, Houses in St Albans have seen a 13.46% increase in median value, while Units have seen a 19.85% increase. As at 30 September 2024:

  • The median value for Houses in St Albans is $660,753 while the median value for Units is $492,221.
  • Houses have a median rent of $450 while Units have a median rent of $430.
There are currently 179 properties listed for sale, and 40 properties listed for rent in St albans on OnTheHouse. According to CoreLogic's data, 531 properties were sold in the past 12 months in St albans.

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Vinh Tran
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Raine & Horne Braybrook
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