521 Bridge Road Richmond VIC 3121

Cushman & Wakefield City Fringe Sales are pleased to present For Sale 521 Bridge Road, Richmond.

Key property highlights include,

A distinctive and prominently positioned freehold property, just 3km* from the Melbourne CBD.

- Modern building constructed in 2005 by the current owners to an exceptionally high standard with the intention to hold the asset long-term.

- Returning $201,571pa + GST & Outgoings with fixed annual increases and substantial depreciation allowances available.

- Leased to CCG Leasing medical group which includes 'Hark Medical' supplier of drug medication solutions and dispensing devices, and 'The Pharmacy Common' a compounding pharmacy as well as a drug trial administration and dispensing services business.

- High-quality improvements across ground level and level one enhanced by extensive fittings tailored for compounding pharmacy and drug trials.

- Situated on a prime city fringe land allotment of 307sqm* improved by a two-storey retail and office building with a total GBA of 584sqm*.

- Huge exposure with 10m* frontage to Bridge Road, valuable rear entrance to Palmer Street and two off-street (lock-up) parking spaces.

- Flexible building design allows for more than one tenant each with its own street entrance.

- Free public street parking available outside the property on Palmer Street.

- Major national and ASX listed retailers nearby including Adairs, Zap Fitness, Harvey Norman, and Officeworks guaranteeing a consistent flow of professionals and residents to the area.

-Ideally located to take advantage of the ongoing development along Bridge Road and Burnley Street, with urban planning improvements such as the recently announced City of Yarra activity centre, set to enhance property values in the years to come.

For Sale by Expressions of Interest Closing Thursday 17th April 2025 at 12pm.
For more information, please contact Cushman & Wakefield City Fringe Sales as the exclusive selling agent

Raphael Favas | +61 435 916 380
George Davies | +61 421 799 489
Anthony Kirwan | +61 431 952 430