Stonebridge Property Group & CBRE are pleased to present for sale 7 & 9 Railway Place, Fairfield.
The Location

• Strategically positioned directly opposite the heavily trafficked Fairfield Train Station – the busy station saw 610,000+ commuters in the 18/19 financial year, providing tenants with a constant stream of foot traffic
• Benefiting from immediate access to a ~60 space public car park, a major advantage for local businesses with customers enjoying an added level of convenience
• Forming part of the 77 apartment Greenwich development and in close proximity to several other mid-rise projects that together ensure high population to the immediate area, driving demand for hospitality businesses such as Burgertory & Café 9
• Fairfield has record 40% growth in median house prices since 2018, climbing to $1,910,000* in 2022

 
The Opportunities
7 Railway Place

• Tenanted by Burgertory – Victoria’s second largest independent burger outlet with 15 venues
• Providing income of $43,365* + GST + Outgoings with vendor favoured 3.25% annual increases (fully leased estimated income: $45,765*)
• Near new 10-year net lease (Burgertory are responsible for all building outgoings)
• Well exposed 92 sqm* shop with wide frontage & 1 on-title car park which can be leased separately (estimated net income: $2,400* + GST)

9 Railway Place

• Tenanted by popular café Railway 9 – The second café for Chef Jack Lee who won the award for Australian Chef of the Year in 2018
• An ideal tenant for the position that services breakfast/coffee for inbound CBD train commuters
• Providing income of $57,680* + GST + Outgoings with vendor favoured 3.00% annual increases
• Near new 10-year net lease (Railway 9 are responsible for all building outgoings)
• Well exposed 98 sqm* shop with wide frontage to station & public car park

*Approx.
To obtain further information, please contact the exclusive selling agents.