1A King Edward AvenueAlbion VIC 3020
Property Details for 1a King Edward Ave, Albion
Last Listing description (August 2021)
This outstanding freehold investment boasts solid property fundamentals and an excellent long term lease covenant.
As well as being opposite the Sunshine Plaza Shopping Centre and the Hampshire Road precinct, the property is close to major arterials and a growing residential population. The property is well serviced by public transport with Albion & Sunshine train stations within close proximity and several bus services stopping nearby.
The Property
- Main road exposure
- General Residential Zone 1
- Land area 1,724m2 over two (2) titles
- Two street frontages - 18.3m to Andersons Rd and 15.5m to King Edward Ave
- Existing Childcare centre featuring Edwardian era residence, outdoor play areas, large onsite car park and additional flexible internal accommodation
Lease Covenant
- Long standing & successful childcare operator
- 15+10+10 year Lease from June 2018 (expiring 2053)
- 95 child placements
- Current rent $207,600 pa + GST + outgoings
- Fixed Three Percent (3%) annual increases
- Security deposit equal to Six (6) month and GST
Astute investors will note the future redevelopment options, excellent capital growth as well as stable & predictable rental increases.
Please do not hesitate to exclusively contact selling agents with any queries or to arrange a private inspection.
Andrew Hewett
+61 418 439 388
James Gregson
+61 421 516 480
Martin Huang
+61 416 161 166
Note: All figures are approximated, inspections subject to any current government restrictions and prospective buyers should refer the sales documentation prior to submitting any offer.
Property History for 1a King Edward Ave, Albion, VIC 3020
- 06 Aug 2025Sold for $1,137,420
- 09 Jun 2021Listed for Sale Price on Application
- 15 Mar 2021Listed for Sale $3,500,000
Recent sales nearby
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0About Albion 3020
The size of Albion is approximately 2.5 square kilometres. It has 8 parks covering nearly 23.6% of total area. The population of Albion in 2016 was 4731 people. By 2021 the population was 4334 showing a population decline of 8.4% in the area during that time. The predominant age group in Albion is 30-39 years. Households in Albion are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Albion work in a professional occupation.In 2021, 50.80% of the homes in Albion were owner-occupied compared with 48.50% in 2016.
Albion has 2,725 properties. Over the last 5 years, Houses in Albion have seen a 19.47% increase in median value, while Units have seen a 1.83% increase. As at 30 November 2025:
- The median value for Houses in Albion is $794,490 while the median value for Units is $393,244.
- Houses have a median rent of $480 while Units have a median rent of $380.
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