Teska Carson is pleased to present 470 Bridge Road, Richmond for Private Sale.
Located on a coveted corner location close to massive demand generators such as the MCG sporting precinct and Melbourne CBD. 470 Bridge Road Richmond is an outstanding investment and freehold acquisition opportunity, providing a steady and secure income stream for the next 5 years* and endless upside and potential to unlock considerable operational upside and value.
The leased freehold pub market (particularly in the Melbourne city fringe) is extremely tightly held and highly sought, thus making this a rare chance to grab a trophy asset with untapped value add possibilities.
Investment highlights:
+ Current rental $180,290 p.a. plus GST and Outgoings*
+ Highly valuable lease covenant from experienced and award-winning hospitality operators
+ Lease term expiring in 2026 with an additional two-year option
+ Unlock unlimited potential at the end of the lease
+ Land area of 325sqm* with combined street frontage of 42m* and Commercial 1 Zoning
+ Mix of spaces with street-side seating, front bar, dining and covered courtyard, whilst the first floor has separate function areas
+ Well serviced by lifestyle amenity and retail centres such as Bridge Road, Swan Street, Church Street and Victoria Gardens
+ Richmond has a vibrant mix of commercial, retail & residential adding to the growth and desirability of the position
*approx
For more information, please contact the listing agents.
