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255-259 Bridge Road,
Richmond, VIC 3121
Development Sites & Land • Shops & Retail • Medical & Consulting
Price information
Sale
Contact Agent
Key property information
Land area
Floor area
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$138,800
Number of Tenants
4 Tenants
Private inspections
to arrange a private inspection.
Gross Waddell ICR Pty Ltd - Melbourne
Level 1, 30 Collins StreetMELBOURNE, VIC 3000
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255-259 Bridge Road
Richmond, VIC 3121
Map of 255-259 Bridge Road
Train stations within 5 km of 255-259 Bridge Road, Richmond, VIC 3121 Distance West Richmond Station 689 m East Richmond Station 899 m Richmond Station 987 m North Richmond Station 1 km Jolimont Station 1.2 km POWERED BY HERE ©Tram stops within 5 km of 255-259 Bridge Road, Richmond, VIC 3121 Distance 61-Bridge Rd/Church St (Richmond) 111 m 17-Bosisto St/Bridge Rd (Richmond) 112 m 17-Waltham St/Bridge Rd (Richmond) 118 m 18-Church St/Bridge Rd (Richmond) 128 m 60-Abinger St/Church St (Richmond) 231 m POWERED BY HERE ©Bus stops within 5 km of 255-259 Bridge Road, Richmond, VIC 3121 Distance Bridge RdHoddle St 698 m Wellington PdeHoddle St 730 m West Richmond Railway Station/Hoddle St (Richmond) 733 m Rowena Pde/Punt Rd (Richmond) 787 m York StHoddle St 863 m POWERED BY HERE ©
POWERED BY HERE ©
SPRAWLING INNER-CITY DEVELOPMENT WITH INCOME
- City-fringe development opportunity
- Adjoining Coles Supermarket
- Fully leased with short-term income
Gross Waddell ICR is pleased to offer for sale 255-259 Bridge Road Richmond. Residing on a strategic landholding favourably zoned C1Z, the property offers significant holding income with substantial development upside (STCA).
Strategically located on the bustling Bridge Road, the property enjoys proximity to the thriving Ark development and Richmond Quarter, with Church Street merely moments away. Its prime positioning ensures direct access to Melbourne's CBD, as well as its renowned sporting and entertainment precincts, solidifying its status as one of the city's most sought-after addresses.
• Substantial 620 sqm* landholding favourably zoned Commercial 1 Zone (C1Z)
• Considerable surrounding height precedents of 8-10 storeys with proven build-to-rent, build-to-sell and hotel developments (STCA)
• Existing 2 level retail freehold with 4 separate tenants over 350 sqm* of building
• Benefitting from holding income of $138,800 net pa* plus GST
• Conveniently located in Melbourne’s most premier city fringe suburb of Richmond, only 1.5 km* from the Melbourne’s CBD
• Prime positioning just steps away from a bustling retail and lifestyle hub, boasting a variety of well-known shops and trendy dining spots
• Located directly next to Richmond Quarter (Home Richmond) which offers luxury residential apartments with exclusive hotel-style services
• Conveniently located near multiple public transportation options, including nearby train stations and a plethora of tram and bus routes easily accessible on foot
This represents a rare opportunity to acquire a prime development site in one of Melbourne's most dynamic and desirable locales. For further details please contact the exclusive sales agents at Gross Waddell ICR.
*approx.
Strategically located on the bustling Bridge Road, the property enjoys proximity to the thriving Ark development and Richmond Quarter, with Church Street merely moments away. Its prime positioning ensures direct access to Melbourne's CBD, as well as its renowned sporting and entertainment precincts, solidifying its status as one of the city's most sought-after addresses.
• Substantial 620 sqm* landholding favourably zoned Commercial 1 Zone (C1Z)
• Considerable surrounding height precedents of 8-10 storeys with proven build-to-rent, build-to-sell and hotel developments (STCA)
• Existing 2 level retail freehold with 4 separate tenants over 350 sqm* of building
• Benefitting from holding income of $138,800 net pa* plus GST
• Conveniently located in Melbourne’s most premier city fringe suburb of Richmond, only 1.5 km* from the Melbourne’s CBD
• Prime positioning just steps away from a bustling retail and lifestyle hub, boasting a variety of well-known shops and trendy dining spots
• Located directly next to Richmond Quarter (Home Richmond) which offers luxury residential apartments with exclusive hotel-style services
• Conveniently located near multiple public transportation options, including nearby train stations and a plethora of tram and bus routes easily accessible on foot
This represents a rare opportunity to acquire a prime development site in one of Melbourne's most dynamic and desirable locales. For further details please contact the exclusive sales agents at Gross Waddell ICR.
*approx.
Property ID: 504595272Last Updated: 24 Jun 2024
Gross Waddell ICR Pty Ltd - MelbourneLevel 1, 30 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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