171-173 Grange RoadFairfield VIC 3078
Property Details for 171-173 Grange Rd, Fairfield
Last Listing description (April 2020)
CBRE is pleased to present 171-173 Grange Road & 3 Montefiore Street, Faifield, for sale.
The premises is leased to Desa Australia Pty Ltd who was purchased by ENGIE in 2016. ENGIE is the largest independent power producer in the world, operating in over 70 countries on 5 continents with more than 160,000 employees worldwide. In 2018 ENGIE had 60.6 billion euro in global revenues. ENGIE is listed on the Paris & Brussels stock exchange (ENGI).
This modern 2,670sqm* office/warehouse comprises a clear span warehouse with full amenities. The property sits within the Darebin Activity Scheme which has made Fairfield one of the most exciting suburbs to invest.
Located off Darebin Road, the property provides great access onto Citylink and all the major arterials. Positioned 6km* from Melbourne's CBD, the property is perfect for those that want to invest and take advantage of the international covenant.
Lease Particulars:
+ Tenant: Desa Australia P/L (Owned by ENGIE)
+ Term: Five (5) years
+ Passing Rental: $400,000 pa net
+ Options: one further term of five (5) years
+ Reviews: CPI plus 1% annually, with market review at option
Property Features:
+ Total building area: 2,670sqm*
+ Office area: 1,500sqm*
+ Warehouse area: 1,170sqm*
+ Dual street access from Grange Road & Montefiore Street
+ Sizeable frontage of 74m* to Grange Road & Montefiore Street offering great exposure
+ Open plan warehouse
+ Showroom potential
+ 3 phase power
+ Multiple roller door entry
+ Great natural light
+ Access to major arterials
The property is situated within an absolute premier location off Darebin Road, moments from the central activity hub of Station Street with premium retail and dining amenity. The property is within walking distance to Fairfield Train Station.
For further details on this property or your commercial property needs in Fairfield, contact the exclusive marketing agents Bryce Pane or Tim Homes.
*approx.
Property History for 171-173 Grange Rd, Fairfield, VIC 3078
- 23 Feb 2022Sold for $5,000,000
- 29 Jan 2020Listed for Sale Contact Agent
Recent sales nearby
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0About 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 4,214 properties. Over the last 5 years, Houses in Fairfield have seen a 3.53% increase in median value, while Units have seen a -10.04% decrease. As at 30 April 2026:
- The median value for Houses in Fairfield is $1,816,762 while the median value for Units is $596,900.
- Houses have a median rent of $790 while Units have a median rent of $488.
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