282-284 Burnley Street,
Richmond, VIC 3121

Dual Street Frontage

282-284 Burnley Street Richmond (39 Strafford Street Richmond)

Land Size: 10.6m x 30.17m approx

Land Area: 319m2 approx

First Time Offered For Sale in Over 60 Years!

•Double fronted 128 sqm approx open plan shop with rear access and scope to improve

•2 Separate double storey apartment building via Strafford Street (west facing) each comprising: Entry, 1 Bedroom Living, Kitchen, Bathroom, Laundry, Carspace, top floor with balcony views.

• Carpark via Strafford Street
• Town Planning Permit Approved development t add 2 additional apartments above shop
• Ideal for Owner Occupier, Investor or Developer
• Zoning: General Residential Zone 4 (GRZ4)
• No Heritage overlay
• Potential to renovate, redeveloped, occupy or invest
• Endless opportunities

Tenancy Information

• Shop: Vacant – If refurbished circa $40,000 per annum net
• Ground Floor Apartment: $12,480.00 per annum (monthly tenancy)
• 1st Floor Apartment: $12,780.00 per annum (monthly tenancy)

Renovate the 1 Bedroom apartments and increase income to estimated rental Circa $17,000-$18,000 per annum each.

Inspection dates and times:

SATURDAY 12/03/2022 – 11:30AM – 12:00PM
THURSDAY 17/03/2022 – 05:00PM – 05:30PM
SATURDAY 19/03/2022 – 11:15AM – 11:45AM
THURSDAY 24/03/2022 – 05:00PM – 05:30PM
SATURDAY 26/03/2022 – 11:30AM – 12:00PM
THURSDAY 31/03/2022 – 05:00PM – 05:30PM
SATURDAY 02/04/2022 – 10:00AM – 10:30AM (AUCTION @ 10:30AM)