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
