Fairfield Fire Station fetches $400,000 above reserve at auction

Fairfield Fire Station fetches $400,000 above reserve at auction
Fairfield Fire Station fetches $400,000 above reserve at auction

The former Fire Station in Sydney's Fairfield has fetched $1.5 million at auction, $400,000 above the reserve. 

The 3 William Street property sits on a 955 square metre site and is zoned for mixed use, providing an opportunity for mixed use retail, commercial, education and/or residential developments in the future. 

“We had strong interest from local owners, property developers, owner-occupiers and opportunistic investors,” said selling agent Harry Bui of Colliers International.  

“The purchaser was a private developer who bought the property with plans to retain the front heritage building for a commercial investment and redevelop the balance of the site for a mixed use development in the near future."

Fire & Rescue NSW recently relocated to their new premises on Fairfield Street, Fairfield East. Hence, the auction to dispose of The William Street asset.

The deal comes on the back of the Cabramatta Fire Station that sold earlier this year for $2.1 million.

Tags: 
Property market Commercial Sale

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