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429-433 Swan Street Richmond VIC 3121

  • Shop & Retail
  • 225 m²
  • For Sale, $2,000,000

PRIME FULLY LEASED INVESTMENT ON SWAN STREET

  • HIGHLY SOUGHT INNER CITY PRECINCT
  • OPPOSITE NEW AUSTRALIA POST HEADQUARTERS
  • SIGNIFICANT SURROUNDING DEVELOPMENT

Emmetts are pleased to present for sale an exceptional fully leased investment at 429-433 Swan Street Richmond.

Located directly opposite Charter Hall and PDG's 32,000 sq m $410 million office project, anchored by Australia Post on a 10-year lease. The development includes additional infrastructure upgrades including a pedestrian link to Burnley Train Station which will benefit the immediate precinct. The properties are situated below a recent 6 storey, 53 apartment development Farmer Cutter & Swan.

Key features include:
+ Located in one of Melbourne's best performing and most sought-after inner-city precincts attracting a growing range of high-quality occupiers.
+ Surrounded by significant development, and immediately opposite one of the city-fringes' most publicised developments approx. 32,000 sq m of office to be tenanted by Australia Post.
+ Additional commercial and residential development slated over the medium term, increasing local population and spending potential.
+ Four fully leased properties configured as an office tenancy over four shops.
+ Tenanted by a leading architecture and design studio, returning a combined rent of $99,000 per annum plus outgoings plus GST.
+ Recently renewed lease providing certainty of income over the medium term during intensive development on the strip.
+ Outstanding public transport access within short walking distance to a number of tram routes and Burnley Train Station.
+ Set to benefit from infrastructure upgrades associated with the 480 Swan Street development providing for a pedestrian link from Swan Street to Burnley Train Station.
+ Excellent vehicle access with proximity to Punt Road / Hoddle Street, the Eastern Freeway, and the M1 / Monash Freeway.

Please contact the exclusive sales and marketing agents Emmetts for further information.

Property Highlights

Floor Area225 m²
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2017653697
Category
Last updated  21 Jun 2022
Map for 429-433 Swan Street Richmond VIC 3121

Property Highlights

Floor Area225 m²
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2017653697
Category
Last updated  21 Jun 2022
Level 7/24 Collins St Melbourne VIC 3000
Andrew Milligan
Andrew Milligan
Emmetts Real Estate
Charles Emmett
Charles Emmett
Emmetts Real Estate

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