218-222 Station Street
Fairfield, VIC 3078

Overview

A PROMINENT MIXED-USE INVESTMENT WITH SIGNIFICANT RENTAL UPSIDE

218-222 Station Street in Fairfield presents a unique opportunity for investors, land bankers, and part owner occupiers to acquire a highly visible and prominent landholding of approximately 684 square meters. This property offers significant rental upside and is well positioned for future development potential.

The asset comprises a multi-tenanted mixed-use building featuring retail, office, and residential components across four separate tenancies. Notably, one of the retail spaces is secured with a 10-year lease commencing December 2021, providing stable income from Fairfield Pizza located at 218 Station Street.

The building spans two levels with a total building area of approximately 474 square meters. It includes separate balconies, private open spaces, and a rear garden, enhancing the appeal for tenants and residents alike.

Key investment highlights include:

• A multi-tenanted retail, office, and residential building with four distinct tenancies.
• Two-level mixed-use building with 474 square meters of total building area.
• Separate balconies, private open space, and rear garden areas.
• High exposure landholding of approximately 684 square meters with excellent development potential.
• Opportunity for strata subdivision and subsequent sell down, subject to council approval.
• Prime frontage on Station Street, offering excellent visibility and exposure.
• Close proximity to Fairfield business central and Fairfield Train Station, cafes, restaurants, and other local services.
• Located only 6 kilometers from Melbourne CBD, providing convenient access to the city.

The property is zoned Commercial 1 Zone (C1Z), which supports redevelopment potential subject to council approval. It currently generates an annual rental income of approximately $133,484, reflecting its strong income-producing capability.

This investment is ideally suited for those seeking a high-profile mixed-use asset with stable income and future growth prospects in a sought-after location. The combination of retail shops and residential apartments within the building provides a diversified tenant mix and enhances the overall value proposition.

With its strategic location adjacent to Fairfield's business center and transport links, this property offers an attractive opportunity for investors and developers looking to capitalize on the area's ongoing growth and demand.

Location