This article is from the Australian Property Journal archive
The former Fairfield fire station in Sydney’s west has sold at auction for $1.5 million, $400,000 above the reserve.
Located at 3 William St, Fairfield, the 955 sqm site is zoned mixed use and is suitable for retail, commercial, education and/or residential developments.
“We had strong interest from local owners, property developers, owner-occupiers and opportunistic investors,” Colliers International’s Harry Bui said.
“Competition at the auction was strong, with 20 people in attendance. 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.
“The selling price was $400,000 above the reserve, indicating the ongoing demand for well-located investment opportunities with a range of usage options,” he added.
This sale comes on the back of the Cabramatta fire station that sold earlier this year for $2.1 million.
Australian Property Journal
