112 - 114 Station Street,
Fairfield, VIC 3078

Axis property is please to offer to the market this outstanding two level retail property leased to two well established tenants U Pharmacy and Isola Day Spa.

Property - Is a prominent two level retail property with a huge frontage to Station Street of 9.2 meters (approx.)
The property is leased to U Pharmacy which has been established in Station Street for over 40 years.
The first floor is leased to Isola which is a day spa and beauty centre.

The Location - Station Street is a highly regarded and tightly local shopping strip with no vacancies and is within the established suburb of Fairfield. The surrounding mix of tenancies include two supermarkets, banks, bakeries, cafe's and restaurants.
Excellent public transport with Fairfield train station, as well having excellent access to the major arterial roads.
This is a

Property Features:-

U Pharmacy -
Lease term - Five x Five x Five
Current rent - $123,600 per annum
Annual rent reviews

Isola Day Spa -
Lease term - Two with four further terms of two years
Current rent - $80,000 per annum
Annual Increase

Total net rent - $203,600 per annum

Rear access and parking for up to 5 cars

Potential to further develop in the future into a multi level mixed use development (STPA)

Great opportunity in this tightly held location