550 Swan Street,
Richmond, VIC 3121

RECEIVERS SALE | Trophy Swan Street Building with Significant Development Potential

Under Instructions from KordaMentha as Receivers and Managers Appointed, JLL and Cushman & Wakefield have the privilege of offering for sale this highly versatile development, investment or land bank opportunity in one of Melbourne’s most vibrant and sought-after retail and lifestyle precincts.

Key details of the opportunity include:

+ Substantial character filled two-level building providing 2,758sqm* of GFA with on-site carparking.
+ A highly versatile Commercial 1 zoned landholding of 1,627sqm* with 40m* of Swan Street frontage.
+ Strong existing short-term income profile, returning $475,796*^ + GST per annum.
+ The existing lease profile suits owner occupiers and allows for significant rental upside
+ Flexible Commercial 1 Zone and favourable planning parameters providing scope for major redevelopment (STCA), as evidenced by the new Australia Post HQ 480 Swan Street (200m* away), developed by Charter Hall.
+ Evolving commercial/lifestyle precinct with endorsement from some of Australia’s largest corporations including Australia Post, Bunnings and REA Group.
+ Positioned in Richmond’s ‘Parks Precinct’ with Burnley Park, Golden Square Bicentennial Park, Burnley Golf Course and the Yarra River all within close walking distance.
+ Highly accessible location serviced by trams along Swan & Church Streets, bicycle trails, and Burnley train station providing protected view lines towards the Yarra River.

*Approx.
^Gross


JLL
Jesse Radisich | 0402 085 7...
Josh Rutman | 0411 27 37 ...

Cushman & Wakefield
Daniel Wolman | 0412 957 8...
Hamish Burgess | 0421 641 4...