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218 Station St

Fairfield VIC 3078

5
4
684 m²
House
Currently for sale - view listing

Overview

A PROMINENT MIXED-USE INVESTMENT WITH SIGNIFICANT RENTAL UPSIDE

218-222 Station Street, Fairfield offers investors, land bankers and part owner occupiers the opportunity to secure a high exposure and prominent 684m2(approx.) landholding with significant rental upside. The property can be summarized by the key investment highlights: -A multi-tenanted retail, office and residential building across four (4) separate tenancies including 10 Year Lease commencing Dec-21 to Fairfield Pizza (218 Station Street). -A two (2) level mixed-use building across 474m2 (approx.) of total building area as well as separate balconies, private open space and rear garden. -A high exposure 684m2 (approx.) landholding with outstanding development potential and opportunity for strata subdivision and subsequent sell down (STCA). The property is ideally situated adjacent to Fairfield business central and station, making it an attractive investment opportunity. Key Features • Total building area of 474 sqm (approx.) • Land size of 683 sqm (approx.) • Fully leased with an annual rental income of approx. $133,484 • 2 retail shops + 2 residential apartments • Commercial 1 Zone (C1Z) - redevelopment potential (STCA) • Prime Station Street frontage with high exposure • Close proximity to Fairfield Train Station, cafes, restaurants, and services • Only 6km to Melbourne CBD

Features

5 bedrooms
4 bathrooms
684 m² lot size
House

Property history for 218 Station St

2022
Sold
Undisclosed
Private Sale/Treaty on 22 Dec 2022 by Kristian Lunardi, of Nelson Alexander Northcote
2021
Sold
Undisclosed
Private Sale/Treaty on 18 Jun 2021 by Tom Alexiadis, of Nelson Alexander Northcote

Happy sellers in Fairfield

92%
92% of sellers in Fairfield reported that their sale price either exceeded or met their price expectations.

Fairfield stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 15 reviews in Fairfield over the last 12 months.

Local market activity for 5 bedroom houses in Fairfield

In the last 12 months, 2 five-bedroom houses similar to 218 Station St, have been sold.

This represents a 60% increase in five-bedroom houses sales when compared to the previous 12 months.

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