TIME IS UP! OWNER ORDERS SALE Prime position in the Fairfield Town Centre offering excellent exposure to passing and foot traffic. An exciting opportunity for any savvy investor to acquire the fully leased "gold investment" or an entrepreneur looking for the perfect business space!! - Prominent position - Currently leased for $49,477.92 per annum Inclusive of GST. - Tenant Pays full outgoings - Zone: MU1 - Transport Access: Conveniently located minutes walk to Fairfield Train Station. - Site area 223SQM Upstairs Unit Features: - 4 generously sized bedrooms - Formal Lounge - Internal laundry - Tiled flooring through-out - Updated kitchen and bathroom Outgoings: Insurance: = $3,438.18 per annum. Paid by the tenant. Water rates: $148.17 x 4 = $592.68 per annum. Paid by the tenant. Council rates: $602.00 x 4 = $2,408.00 per annum. Paid by the tenant. Please Note as per Fairfield City Council ( STCA) : The property is part of Fairfield Council development plan for a 12 Storey building if amalgamated with neighbouring properties - see page 77 of Fairfield city centre development control plan 2013" . If these sites cannot be amalgamated and are developed as individual sites then the twelve storey will not be permitted and only 6 and 8 storey elements shown in the diagram will be permitted. ( click on the below link to view ) https://www.fairfieldcity.nsw.gov.au/files/assets/public/v/3/documents/plan_build/fairfield-city-centre-development-control-plan-2013-amendment-no.-4-effective-10-12-2021_pdf.pdf AUCTION: Saturday 04/05/2024 @ 1:45pm ON-SITE