A PRIVATE investor has won a hotly contested auction in Fairfield as a block of 12 residential units sold under the hammer for $3,910,000 at 30 Railway Parade
The asset, that came with a total land area of 1,252sq m* and offered 12 two-bedroom units, provided a potential gross income of $200,408* per annum.
The property was marketed and sold by Ray White Commercial NSW – Western Sydney Associate Director Victor Sheu, Managing Director Peter Vines and Director Joseph Assaf, in conjunction with Stanton Hillier Parker.
Mr Sheu said it was an incredibly active campaign throughout, with interest coming from varying demographics, and that led to more than 85 enquiries.
“We had interest from Sydney investors, Asian investors, unit traders and local high-net-worth investors from the Fairfield and Cabramatta region, resulting in nine registered bidders on auction day,” he said.