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Sold on 21 Sep 2018

157 - 161 Burnley Street Richmond VIC 3121

  • Industrial / Warehouse
  • 1,320 m²
  • Sold

Premium Commercial Investment / Development Opportunity In Melbourne’s Most Sought After City Fringe Suburb!

Outstanding Richmond investment with opportunity for future commercial development, now available For sale by Public Auction on Friday 21st September at 12.30pm on site.



+ 1,381sqm* landholding with Industrial 3 zoning (IN3Z)

+ Securely leased to high profile tenant

+ Surrounded by world class amenity

+ Ripe for future development

+ Demolition clause in the Lease



Prominent 1,381sqm* corner landholding with huge combined triple street frontage of 110m* to Burnley Street, Murphy Street & Bridge Street superbly positioned within Melbourne’s most popular & tightest city fringe commercial office market – Richmond.



Quality single level showroom / warehouse currently tenanted to ‘Get Wines Direct’ returning $280,000* per annum plus GST.



Prominent retail, food & lifestyle attractions along Bridge Road (170m*), Victoria Gardens Shopping Centre anchored by major retail tenancies including IKEA, Hoyts Cinema and Coles Supermarket plus 80 specialty retail stores (400m*).



Ability to hold as an investment; re-position or develop with strong height precedence of 9 levels with CBD views



Direct Melbourne CBD (3km*) access provided by Melbourne’s established transport network including tram lines on Victoria Street and Bridge Road.



For information please contact the exclusive agents listed below.



In conjunction with CBRE.



*approx

Property Highlights

Property ID2014588591
Date Sold21 Sep 2018
Floor Area1,320 m²
Land Area1,381 m²
ParkingAsk Agent
Category
Last updated  21 Sep 2018
Map for 157 - 161 Burnley Street Richmond VIC 3121
CVA Property Consultants Pty Ltd
18-20 Russell Street Melbourne VIC 3000

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