39-41 Rose Street, Essendon, VIC 3040 | Commercial for sale | OnTheHouse
 
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39-41 Rose Street
Essendon VIC 3040

Bedrooms: -
Bathrooms: -
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Floor area: 196m2
Land area: 294m2
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LONG TERM LEASE TO ESTABLISHED HEALTHCARE TENANT WITH OPTIONS TO 2036

39–41 Rose Street, Essendon offers a secure investment in the heart of a tightly held retail precinct, underpinned by a strong income stream and long term lease profile.
Returning $129,875.88 per annum plus GST and outgoings, the property is leased to Woods & Associates Optometrists, a well established local practice backed by a national optical network. The tenancy operates within the healthcare sector, providing a proven and resilient service offering.
The lease is secured until 30 September 2027, with further options of 4 years and 5 years, giving investors the ability to lock in occupancy through to 2036. Annual CPI increases provide consistent rental growth.
Set on approximately 294m² with a wide double frontage, the property sits within a Commercial 1 Zone, allowing flexibility for future retail, residential or mixed use development, subject to council approval.
Directly opposite Essendon Train Station and surrounded by tram and bus connections, the property benefits from strong exposure, high foot traffic and a proven near zero vacancy location.
A well balanced investment combining secure income, long term tenant retention and future upside in one of Essendon's most established retail strips.

Property Details for 39-41 Rose St, Essendon

Building Type
Commercial
Floor Size
196m2
Land Size
294m2
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About Essendon 3040

The size of Essendon is approximately 6.2 square kilometres. It has 20 parks covering nearly 8.4% of total area. The population of Essendon in 2016 was 20596 people. By 2021 the population was 21240 showing a population growth of 3.1% in the area during that time. The predominant age group in Essendon is 20-29 years. Households in Essendon are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Essendon work in a professional occupation.In 2021, 62.10% of the homes in Essendon were owner-occupied compared with 60.20% in 2016.

Essendon has 13,005 properties. Over the last 5 years, Houses in Essendon have seen a 6.79% increase in median value, while Units have seen a -5.99% decrease. As at 30 April 2026:

  • The median value for Houses in Essendon is $1,839,105 while the median value for Units is $574,644.
  • Houses have a median rent of $793 while Units have a median rent of $530.
There are currently 21 properties listed for sale, and 12 properties listed for rent in Essendon on OnTheHouse. According to Cotality's data, 659 properties were sold in the past 12 months in Essendon.

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Alex (Chau) Tran
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Bawi Tui Muk
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Barry Plant St Albans
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