DOUGLAS KAY is delighted to present the finest commercial opportunity in Melbourne's West.

Exceptionally rare two street sound and secured long term investment on 1023m2 will excite and capture the imagination of the commercial market. Positioned right in the heart of one Melbourne's tightest suburban business districts.

A visit to St Albans for those unfamiliar with the area will excite as this fast paced bustling environment is arguably the most thriving and popular in the City. There is a reason why the St Albans CBD has extreme low vacancy rates and exceptional rental rates. Alfrieda Street village is in a lane and economy of its own.

DYNAMIC WITH PLENTY OF UPSIDE_
_Land area: 1023m2 approx.
_Building area: 460m2 approx of modern offices.
_Unique with rear huge 560m2 approx parking.
_Zoned: Mixed Use (MUZ) which provides a total flexible future development in residential, commercial, industrial across a high density multi level building.
_Two huge street 17m approx frontages to Prime Alfreida Street and rear Victoria Crescent.
_No easements on title.
_Long term tenant Migrant Resource Centre.
_Excellent secured tenancy with option activated to September 2026.
_Lease includes 2 x 3 year further times with CPI increases and Market Reviews.
_Price Guide $3,900,000

_Surrounded by an excellent mixture of local traders and National Tenants including ANZ Bank, Westpac Bank, KFL Supermarket, CBA, Woolworths, Chemist Warehouse and more.

DOUGLAS KAY REAL ESTATE
280 HAMPSHIRE ROAD
SUNSHINE VIC 3020