FOR SALE
For Sale | Time Realty

Shop 2/56 Fairlight Street
Five Dock NSW 2046

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 218m2
Land area: 218m2
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Blue Chip Investment In Heart of Five Dock

Welcome to your new investment, opportunities like this don't come up often. This prime commercial property is perfectly located in the heart of Five Dock, featuring excellent street frontage and high levels of passing traffic.
With the new metro line coming to Five Dock this property will only increase in value. Here is the perfect opportunity to jump in now for investors. This strata property is almost brand new, situated on the ground floor with lift access to shared rooftop terrace with city views and BBQ area.
Complete with modern kitchen, bathroom, office, storeroom, file room + outdoor sitting space. Total size is 218 sqm on title (approx.), which includes the storage rooms, courtyard + car space.
An exceptional opportunity for astute investors to acquire with tenants in place in a sought-after location.
Asset Features:
- Currently tenanted at $64,375 + GST
- Lease terms 3 x 3 x 3
- Lease commenced 1 May 2022 and expires 2025 with option 3 year by 3 years
- CPI Rent increases
- Rent review every 3 years
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Property Details for Shop 2/56 Fairlight St, Five Dock

Building Type
Commercial
Floor Size
218m2
Land Size
218m2

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About Five Dock 2046

The size of Five Dock is approximately 2.4 square kilometres. It has 12 parks covering nearly 16.4% of total area. The population of Five Dock in 2011 was 8,747 people. By 2016 the population was 9,392 showing a population growth of 7.4% in the area during that time. The predominant age group in Five Dock is 40-49 years. Households in Five Dock are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Five Dock work in a professional occupation. In 2011, 63.8% of the homes in Five Dock were owner-occupied compared with 62.6% in 2016.

Five Dock has 5,297 properties. Over the last 5 years, Houses in Five Dock have seen a 45.55% increase in median value, while Units have seen a 27.31% increase. As at 31 October 2024:

  • The median value for Houses in Five Dock is $2,715,052 while the median value for Units is $1,105,110.
  • Houses have a median rent of $945 while Units have a median rent of $770.
There are currently 23 properties listed for sale, and 40 properties listed for rent in Five dock on OnTheHouse. According to CoreLogic's data, 169 properties were sold in the past 12 months in Five dock.

Suburb Insights for Five Dock 2046

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Lambros Markessinis
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Time Realty
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Time Realty - Five Dock
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.