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406 Victoria Street Richmond VIC 3121

  • Development / Land
  • 376 m²
  • For Sale, Contact Steve 0497 18 18 18

Significant corner landholding with development upside (SCTA)

Commercial Real Estate Group is delighted to present 406 Victoria St, Richmond

Potential to take advantage of excellent market conditions and develop this block (SCTA)
Buy and hold, rent or develop, or both

376 square metres of C1Z land, with current improvements including 2 storeys of commercial floor area, plus a rear warehouse with roller door. Situated on a corner block in a great location, just 450m* from major retail shopping centre, Victoria Gardens.

Located on Victoria St, Richmond which is a prominent location for all commercial business types (retail, office, medical, child-care), with strong development potential including commercial, residential, or mixed-use (SCTA).

Currently excellent income producing asset (290 sqm* net lettable area office floor area plus 200 sqm* net lettable area industrial floor area). Estimated potential net rental return of $141,000 – $167,500 per annum* (plus GST plus Outgoings)

Benefit from proximity to Victoria Gardens, Victoria Street, with nearby public transport and connection to CBD.

•Land Area 376 sqm*

•Building Area 490 sqm*

To secure this great opportunity, please contact Steve on 0497 18 18 18 to discuss the asking price, terms and arrange an inspection.

Address406 Victoria Street Richmond VIC 3121
ZoningC1Z - Commercial 1 Zone (C1Z)
We try our best to keep zoning info up to date but can never guarantee it's accurate or complete. Check directly with the relevant council to verify any zoning information.
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Property Highlights

Property ID2015383649
Floor Area490 m²
Land Area376 m²
ParkingAsk Agent
Annual ReturnAsk Agent
Last updated  5 Aug 2019
Map for 406 Victoria Street Richmond VIC 3121
Commercial Real Estate Group
243 Lower Heidelberg Rd Ivanhoe East VIC 3079

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