POINT OF INTEREST:
Slightly east of Northcote and centred amongst Fairfield’s vibrant commercial precinct, this investment promises steady rental income and an un-Fair advantage in growth potential. It’s currently leased to The Styling Co Melbourne, a two-year contract that began in November 2022 and has a further two-year term. The agreement means you’ll pocket $29,242 in rental income, plus outgoings are covered by the tenant (as per the lease). The building comprises 179 sqm* of high-clearance warehousing with a motorised container-height roller door, kitchenette, and 2 on-site car spaces. The business park it sits within is secured with electric gates and houses a melting pot of industries like a swim school, bicycle repair shop, and garden building suppliers. A little further than that, Sparks fly when you invest near Station Street’s A1 Bakery, Oasis, and Nikos.
- Leased to The Styling Co Melbourne since 1st November, 2022.
- Two-year term plus one further term of two years.
- $29,242.51 in rental income plus outgoings and GST.
- 179 sqm* total building area.
- Industrial 1 zoning.
- 2 on-site car spaces.
- Motorised container-height roller door to high-clearance warehouse.
- Business park protected by electric security gates.
- 1.45 sqm* to Heidelberg Road.
- 2.7 km* to St Georges Road.
POINT OF VIEW:
An accessible entry-level price point, amongst a suburb impossible to get into. Fairfield is the northern residential and commercial blend where local industry thrives amongst Station Street’s bakeries.
*Approx.
Pricing excludes GST
