218-222 Station Street, Fairfield, Vic, 3078

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