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.
Neighbourhood
Fairfield
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