31 Steane Street, Fairfield

Expressions of Interest Closing Wednesday 18th March at 4pm

First-Class Investment - Long Established Business!

This immaculately presented office/warehouse is an ideal "set and forget" acquisition for your property portfolio. Well positioned in a tightly held inner-north location, with excellent access to key road networks, the property has enjoyed one established tenancy since the premises was built in 2014.

The investment is supported by an established tenancy, delivering strong income security and long-term holding confidence.

Key highlights:

- Securely leased to G J's Discount Fabrics
- Land area: 626 sqm (approx.)
- Building area: 620 sqm (approx.)
- Established tenancy
- Lease commencement 1 March 2024
- Four (4) year lease, with one (1) further option of Four (4) years
- Returning $108,000 per annum, plus GST
- Minutes to Grange Road and Eastern Freeway
- 10 kms from Melbourne CBD
- Terms: 10% Deposit, Balance 60/90 Days

An attractive opportunity for investors seeking a low-maintenance commercial property in a proven Fairfield location, underpinned by strong access, amenity, and a secure income profile.

FOR SALE
LAND
626 sq. metres approx.
PRICE GUIDE
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Neighbourhood

Fairfield

Fairfield is a cultural and recreational fusion favoured for its gourmet focus on the Station Street shopping strip. A friendly atmosphere, fabulous schools, sporting facilities and easy access to transport round out this sought-after suburb.

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