GormanKelly is pleased to offer 178 Bridge Road Richmond for sale via mortgagee auction scheduled for Thursday 7th March 2013 at 12 noon.
The property comprises a two level retail freehold consisting of high quality ground floor retail tenancy together with first floor dwelling with separate access. The total building area is 162m2 approx with rear access to carparking for 2 vehicles and rear right of way access. The property is securely leased to fashion retailer Barino and currently returning $73,158 per annum plus outgoings & GST, with a single lease for the whole property.
The building is situated on 158m2 of Business 1 zoned land with the benefit of rear access and parking and would be well suited for future development or extension of the current building. Must be sold, don’t miss this fantastic rare Bridge Road opportunity!
178 Bridge Road, Richmond is located on the southern side of Bridge Road near the corner of Church Street on Richmond Hill. The property is located approximately 3km* east of the Melbourne CBD within the municipality of the Yarra City Council. Bridge Road provides prompt CBD access and access through to Hawthorn and the outer eastern suburbs.
The locale in which the property is positioned is a well-established retail precinct, strongly supported by the dense surrounding residential catchments and steady stream of passing motorists, tram services and foot traffic. Positioned directly alongside the retail amenity of Bridge Road ensues properties within this strip are well-patronized, particularly given the proximity to the nearby tram services and proximity to Epworth Hospital. The property is close to a number of established retailers along Bridge Road & Richmond Plaza including Thomas Dux, Witchery, Rivers, Boost, Bakers Delight, Westpac & NAB to name a few.
