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8 & 8a East Esplanade
St Albans VIC 3021

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 120m2
Land area: 207m2
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POSITION, SECURITY & EASY DUAL ACCESS. COMMERCIAL ZONE 1.

This iconic building (Across from St Albans Railway Station) Comprising of:
Downstairs - Approx: 207m2 and Leased on a base 3x3x3. Existing rental of $2,750 pcm with 3% yearly increases
Upstairs - fully contained & renovated - 3 bedrooms, living room, kitchen, separate toilet, bathroom and laundry. Leased at $1473 pcm on a periodic agreement.
This building offers dual income. The upstairs area (with separate entrance) can also be rented as an office or commercial/retail activity (S.T.C.A)
Please note that this property is accessible from Alfrieda Street and is an opportunity not to be missed. An absolute blue chip investment with dual income inside and scope for capital gain increase. A must for the Astute and knowledgeable investor.

Property Details for 8 & 8a East Esp, St Albans

Building Type
Commercial
Floor Size
120m2
Land Size
207m2

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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 17,058 properties. Over the last 5 years, Houses in St Albans have seen a 11.34% increase in median value, while Units have seen a 17.01% increase. As at 30 November 2024:

  • The median value for Houses in St Albans is $664,769 while the median value for Units is $486,020.
  • Houses have a median rent of $450 while Units have a median rent of $440.
There are currently 153 properties listed for sale, and 43 properties listed for rent in St albans on OnTheHouse. According to CoreLogic's data, 553 properties were sold in the past 12 months in St albans.

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Thuan (Vincent) Tran
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John Falcone
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Sweeney Estate Agents Sunshine
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