218 Station StreetFairfield VIC 3078
Property Details for 218 Station St, Fairfield
218 Station St, Fairfield is a 7 bedroom, 3 bathroom House. The property has a land size of 684m2.
Last Listing description (June 2023)
CBRE Melbourne Metropolitan Sales & Nelson Alexander Commercial are delighted to present for sale a prominent mixed-use freehold investment and substantial landholding located on Fairfield's main retail thoroughfare located at 218-222 Station Street, Fairfield.
218-222 Station Street, Fairfield offers investors, landbankers and part owner occupiers the opportunity to secure a high exposure and prominent 683 square metres* landholding with significant rental upside.
The property can be summarised 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 474 square metres* of total building area as well as separate balconies, private open space and rear garden
+ A high exposure 683 square metres* landholding with outstanding development potential and opportunity for strata subdivision and subsequent sell down (STCA)
+ Located on Fairfield's established retail thoroughfare, home to major national retailers and service retailers, supported by a strong residential catchment area and median house price of $1,732,500 (Source: REIV 2022)
218-222 Station Street, Fairfield is For Sale via Expressions of Interest closing Thursday 8th December 2022 at 2:00pm (AEDT)
For further information please contact the exclusive sales and marketing agents at CBRE & Nelson Alexander:
CBRE:
Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au
Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au
Jing Jun (JJ) Heng ???
+61 411 059 116
jj.heng@cbre.com.au
Nelson Alexander Commercial:
Kristian Lunardi
0401 810 556
klunardi@nelsonalexander.com.au
Damien Theisz
0448 319 116
dtheisz@nelsonalexander.com.au
Ethan Wong ???
0427 349 064
ewong@nelsonalexander.com.au
*Approx.
Property History for 218 Station St, Fairfield, VIC 3078
- 31 May 2023Listed for Sale Contact Agent
- 04 Nov 2022Listed for Sale Contact Agent
- 23 Aug 2022Listed for Sale Contact Agent
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0About Fairfield 3078
The size of Fairfield is approximately 3.5 square kilometres. It has 22 parks covering nearly 43.5% of total area. The population of Fairfield in 2011 was 5,946 people. By 2016 the population was 6,556 showing a population growth of 10.3% in the area during that time. The predominant age group in Fairfield is 30-39 years. Households in Fairfield are primarily couples with children 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, 58.8% of the homes in Fairfield were owner-occupied compared with 54.4% in 2016.
Fairfield has 4,225 properties. Over the last 5 years, Houses in Fairfield have seen a 15.81% increase in median value, while Units have seen a 12.97% increase. As at 31 August 2024:
- The median value for Houses in Fairfield is $1,658,648 while the median value for Units is $631,657.
- Houses have a median rent of $790 while Units have a median rent of $450.
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