204A Main Road, St Albans, VIC 3021 | House for sale | OnTheHouse
 
FOR SALE
$1,200,000 - $1,300,000

204a Main Rd W
St Albans VIC 3021

Bedrooms: 1
Bathrooms: 1
Car spaces: 2
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Prime Freehold Investment with Future Residential Potential

An exceptional opportunity to secure a high-exposure freehold investment in the heart of thriving St Albans. Positioned along bustling Main Road East, this premium commercial property offers residential redevelopment potential and a strong holding income and long-term growth potential in one of Melbourne's most established retail precincts.
Currently leased to a secure tenant returning $57,231 per annum (or approximately $4,769 per calendar month), plus GST and 100% of outgoings.
The lease expires on June 30, 2038 - This is a true set-and-forget investment with immediate cash flow and minimal landlord responsibilities.
Strategically located within a tightly held shopping strip surrounded by established businesses, public transport, and strong local foot traffic, the property benefits from outstanding street presence and excellent accessibility.
Key Investment Highlights:
*Securely tenanted investment -
*Returning $57,2310 p.a. + GST + 100% outgoings
*CPI increases annually
*Tenant pays 100% of outgoings
*Lease expiry - June 30, 2038
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Property Details for 204a Main Rd W, St Albans

204a Main Rd W, St Albans is a 1 bedroom, 1 bathroom House with 2 parking spaces. The place is currently for sale with Douglas Kay Real Estate.

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About St Albans 3021

The size of St Albans is approximately 13.0 square kilometres. It has 36 parks covering nearly 8.4% of total area. The population of St Albans in 2016 was 37309 people. By 2021 the population was 38042 showing a population growth of 2.0% 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 $1800 - $2399 per month on mortgage repayments. In general, people in St Albans work in a labourer occupation.In 2021, 59.10% of the homes in St Albans were owner-occupied compared with 60.50% in 2016.

St Albans has 17,231 properties. Over the last 5 years, Houses in St Albans have seen a 12.35% increase in median value, while Units have seen a 20.83% increase. As at 30 April 2026:

  • The median value for Houses in St Albans is $740,348 while the median value for Units is $542,438.
  • Houses have a median rent of $500 while Units have a median rent of $450.
There are currently 122 properties listed for sale, and 60 properties listed for rent in St albans on OnTheHouse. According to Cotality's data, 780 properties were sold in the past 12 months in St albans.

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Adrian Kay
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Douglas Kay Real Estate
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