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.