7 Byrnes StreetFairfield QLD 4103
Property Details for 7 Byrnes St, Fairfield
Last Listing description (August 2024)
A very lucrative opportunity arises in the sought after suburb of Fairfield, this property with a long history as a Butchers shop has a wonderful solid return with a blue chip location and tons of scope.
7 Byrnes St Fairfield:
Existing Commercial premises with well established tenant on 5 x 5 year lease ( 2022 - 2027 with 5 year option). This butchers shop has been part of the community for well over 20 years and offers a brick building with ample parking availability. Set on 490m2 of Commercially approved land( rare find in this area) it has a solid lease in place of 5y x 5y currently $116k a year. In immaculate condition it is a fuss free investment.
A full Information Memorandum is available on request. Please email for a copy of this document.
- Solid lease in place, long term & well regarded business (considered a local) in this area with tenants who have made a significant commitment financially and personally to their business
- Great location in significant growth area
- Great for cash flow in future.
- Owners who are committed to selling to enter a new chapter of their lives
Great super investment with strong return, or just a hold for the future with the growth of this suburb only 4 Kilometres to the CBD, Cross River Rail and the community of Fairfield. A great suburb to live and invest in.
Note this propety has no bedrooms and is shop only.
Property History for 7 Byrnes St, Fairfield, QLD 4103
- 22 Jul 2024Listed for Sale OFFERS CONSIDERED OVER $1,400,000
- 19 Jun 2024Sold for $1,400,000
- 17 Jan 2023Listed for Sale OFFERS CONSIDERED OVER $1,400,000
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0About Fairfield 4103
The size of Fairfield is approximately 1.3 square kilometres. It has 13 parks covering nearly 19.9% of total area. The population of Fairfield in 2011 was 2,553 people. By 2016 the population was 2,999 showing a population growth of 17.5% in the area during that time. The predominant age group in Fairfield is 20-29 years. Households in Fairfield are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Fairfield work in a professional occupation. In 2011, 51.6% of the homes in Fairfield were owner-occupied compared with 52.9% in 2016.
Fairfield has 1,468 properties. Over the last 5 years, Houses in Fairfield have seen a 60.75% increase in median value, while Units have seen a 72.14% increase. As at 31 October 2024:
- The median value for Houses in Fairfield is $1,211,160 while the median value for Units is $685,615.
- Houses have a median rent of $650 while Units have a median rent of $550.
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