80 Station StreetFairfield VIC 3078
Property Details for 80 Station St, Fairfield
Last Listing description (April 2024)
RWC Oakleigh is delighted to present 80-82 Station Street, Fairfield to the market which will be offered via a public on-site and online Auction scheduled for Friday 15th December 2023 at 1:30 pm.
This single-level freehold investment property benefits from its fantastic location along with having two tenancies both of which have been operating successfully on Station Street for over 25 years and thus presents an excellent opportunity for those seeking a first-class asset in a highly desirable location. Situated in the heart of a thriving retail precinct, the property boasts a fantastic 10.1m* frontage and the potential for investors to enjoy the convenience of having two separate income streams with the potential for development in the future (STCA).
The surrounding area is bustling with recognised businesses including Guzman Y Gomez, Chemist Warehouse, Grill'd, Nikos, Oasis Bakery & Baker's Delight to name a few. Additionally, there are various complementary tenancies including cafes, take-away shops, pharmacies, news agency & fruiterers showcasing the area's strength and viability.
The property benefits from rear access, on-site parking and conveniently located just metres from Fairfield Station. This property also provides you with fantastic versatility as a passive dual income investment with potential to occupy or to develop (STCA) - the choice is yours!
Property Attributes:
Total land area | 390m2*
Total building area | 160m2*
Both Tenants operating for over 25 years
Frontage to Station Street of 10.1m*
First time offered in over 20 years
Surrounded by Oasis Bakery, Nikos, Grill'd, Chemist Warehouse & Guzman Y Gomez
Only metres from Fairfield Station
Future Development Potential (STCA)
Rear access & on-site parking
Commercial 1 Zone (C1Z)
For further information please contact one of the Marketing agents below:
Theo Karkanis | 0431 391 035
George Ganavas | 0478 634 562
George Kelepouris | 0425 798 677
*All areas and figures are approximate only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
Property History for 80 Station St, Fairfield, VIC 3078
- 15 Dec 2023Sold for $1,710,000
- 20 Nov 2023Listed for Sale Auction (On-site & Online)
- 09 Apr 1999Sold for $300,000
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About 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 23.61% increase in median value, while Units have seen a 20.65% increase. As at 31 July 2024:
- The median value for Houses in Fairfield is $1,712,609 while the median value for Units is $661,282.
- Houses have a median rent of $790 while Units have a median rent of $445.
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