56 Ware StreetFairfield NSW 2165
Property Details for 56 Ware St, Fairfield
Last Listing description (August 2015)
This versatile property positioned in the heart of a buzzing retail hub represents value at its best from every possible angle.
Comprising of two retail shops and first floor commercial space (which is currently operating as a functions venue) offers the potential of three stream income (with anticipated rental of $145,000 gross PA + gst on fully let basis), representing a guaranteed solid yield investment for the astute investor or an ideal investment opportunity for SMSF (self-managed super funds). Alternatively you may occupy part of the ground floor prime retail space (which is currently vacant) and see your business flourish by the high pedestrian traffic trade while you receive an income from the rest of the building. It also provides a unique mixed (residential / commercial) development opportunity (subject to Council Approval) to the shrewd developer who wishes to capitalize on the unprecedented capital
growth of the residential development market.
*Land area: 606.30m with dimensions of 14.31m x 42.36m
*Total Building area: 720m over two levels commanding frontage of over 14m
*Flexible Zoning: Business, under which an array of retail / commercial / professional uses are permissible Rear lane access with ample on-site car parking and loading / unloading dock.
Auction:
Date: 4th December 2014
Venue : Club Central Hurstville, 2 Crofts Ave, Hurstville
Time: 6:00 pm
Property History for 56 Ware St, Fairfield, NSW 2165
- 06 Aug 2015Listed for Sale AUCTION - 4th DECEMBER 2014
- 04 Dec 2014Sold for $1,780,000
- 27 Oct 2014Listed for Sale AUCTION - 4TH DECEMBER 2014
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About Fairfield 2165
The size of Fairfield is approximately 4.5 square kilometres. It has 9 parks covering nearly 6.0% of total area. The population of Fairfield in 2016 was 18081 people. By 2021 the population was 18596 showing a population growth of 2.8% in the area during that time. The predominant age group in Fairfield is 50-59 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 2021, 38.90% of the homes in Fairfield were owner-occupied compared with 40.70% in 2016.
Fairfield has 8,256 properties. Over the last 5 years, Houses in Fairfield have seen a 52.34% increase in median value, while Units have seen a 23.81% increase. As at 30 April 2026:
- The median value for Houses in Fairfield is $1,257,155 while the median value for Units is $500,523.
- Houses have a median rent of $650 while Units have a median rent of $485.
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