Stonebridge Property Group & Lemon Baxter are pleased to present for sale 37-43 Bridge Road, Richmond.
The key highlights of the opportunity include:
- 37-43 Bridge Road, Richmond stands as a highly versatile freehold investment in one of Melbourne's most acclaimed retail and residential positions
- Comprising 3 high-quality Bridge Road fronting retail shops and 8 spacious and well-designed residential apartments to be offered in one line
- Providing future potential to unlock value through subdividing the asset and selling down each opportunity separately
- 100% leased and providing a diverse annual income
- With Richmond's residential vacancy currently at 0.8% the property is poised for exciting rental growth possibilities and offers a low-risk investment opportunity
- The commanding freehold spanning 1,100 sqm* of building area and benefits from 19 m* of ultra prime Bridge Road exposure (3 shop fronts)
- Underlying fundamentals include a 520 sqm* Commercial 1 zoned landholding with the added convenience of rear lane access and on-site car parking
- The property resides in a thriving precinct, walking distance from Melbourne's globally recognised sporting precincts (MCG, AAMI Park, Melbourne & Olympic Park) and the CBD (1.5 km*)
- Supported by access to a multitude of public transport options including West Richmond. Richmond and Jolimont Train Stations plus trams along Bridge Road
- Located in the heart of the Bridge Road, Richmond and set amongst the Richmond medical precinct, home to the Epworth Hospital, and a number of high-density residential developments
37-43 Bridge Road, Richmond is offered for sale via Public On-Site Auction Thursday 16th November 2023 at 12:30pm (AEDT).
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.
Stonebridge Property Group:
Nic Hage
0448 782 594
Dylan Kilner
0459 396 341
Sarah Xi
0468 320 297
Rorey James
0439 400 081
Lemon Baxter:
John Pratt
0412 350 828
*Approximately
