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120-128 Murphy Street Richmond VIC 3121

  • Development / Land
  • Land Size4,926 m²
  • PriceFor Sale, Contact Agent

THE ULTIMATE LAND BANKING & DEVELOPMENT OPPORTUNITY IN MELBOURNES CITY-FRINGE

  • Dual fronted 4,926sqm* landholding
  • 3,895sqm* existing building area
  • Current net income of $1,050,000 p.a*

+ 4,926sqm* landholding in Richmond's thriving commercial & retail precinct
+ For sale in-one-line or in seperate parts:
- Part 1 - 915sqm*
- Part 2 - 3,406sqm*
- Part 3 - 605sqm*
+ Dual street frontage to Murphy and Palmer Street totaling 106m*
+ Recent permit approval for 9 levels on Murphy Street setting precedent for the location
+ Substantial commercial improvements of 3,895sqm* with current net rental of $1,050,000 p.a*
+ Development concept for a nine-level office building (STPA)
+ Ideal city-fringe position approximately 60m* to Bridge Road shops, cafes & restaurants
+ Major Shopping Centre, Victoria Gardens, only 500m* featuring IKEA, Coles, Kmart & many more national retailers
+ Only nine minutes* to the Melbourne CBD via direct tram access along Bridge Road
+ A Walk Score of 91/100 highly attractive for potential future tenants (walkscore.com)
+ Richmonds 10-year population growth forecast of 27% is double the Victorian average, which will drive demand for more office space in the future

FOR SALE VIA INTERNATIONAL EXPRESSIONS OF INTEREST CLOSING THURSDAY 9TH MAY AT 2.00PM (AEST)

For information please contact the exclusive sales and marketing agents.

Julian White
+61 422 764 137

Lewis Tong
+61 421 870 833

David Minty
+61 422 564 199

*approx

Property Highlights

Property ID2015049588
Floor Area3,895 m²
Land Area4,926 m²
EnergyAsk Agent
ParkingAsk Agent
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  9 May 2019
Map for 120-128 Murphy Street Richmond VIC 3121
CBRE Melbourne
Level 34, 8 Exhibition Street Melbourne VIC 3000

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