150 Station StreetFairfield VIC 3078
Property Details for 150 Station St, Fairfield
Last Listing description (November 2021)
** SOLD **
Gross Waddell ICR is pleased to offer this single level retail investment located in Fairfield's premier retail shopping strip as part of the 'Signature Auction Portfolio'.
https://gwicrsignatureauctionseries.com.au/
Situated at the northern end of Station Street, Fairfield's thriving retail precinct and surrounded by an incredible selection of eateries and retail amenity
Total building area of 107 sqm* over one level, wholly leased to Narai Classic Thai Restaurant
Landholding of 219 sqm* of Commercial 1 zoned land
Current lease term of 5 years (comm. March 2017) plus one further term of 5 years
Net income of $47,825* pa
The busting suburb of Fairfield boasts a median house price of $2,050,000 and a 33.6% quarterly price growth (source REIV)
The property is to be sold via Public Auction as part of the 'Signature Auction Portfolio' and held at Leonda by the Yarra from 11 am on Thursday the 25th of November 2021. For further information or to organise an inspection, please contact Gross Waddell ICR directly.
*Approx.
Property History for 150 Station St, Fairfield, VIC 3078
- 25 Nov 2021Sold for $1,210,000
- 28 Oct 2021Listed for Sale Contact Agent
- 04 Dec 2001Transferred
Recent sales nearby
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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 2016 was 6558 people. By 2021 the population was 6535 showing a population decline of 0.4% 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 over $4000 per month on mortgage repayments. In general, people in Fairfield work in a professional occupation.In 2021, 56.60% of the homes in Fairfield were owner-occupied compared with 54.40% in 2016.
Fairfield has 4,219 properties. Over the last 5 years, Houses in Fairfield have seen a 10.86% increase in median value, while Units have seen a 7.99% increase. As at 31 March 2026:
- The median value for Houses in Fairfield is $1,871,489 while the median value for Units is $656,209.
- Houses have a median rent of $800 while Units have a median rent of $480.
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