157 - 161 Burnley Street, Richmond, VIC 3121

Investment | Industrial | Showrooms | Development/Land

Sold

10% deposit on 60 / 90 days

  • Property ID: 306300
  • Floor Area: 1320m²
  • Land Area: 1381m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold 21/09/2018 1320m2 1381m2 Contact Agent
Premium Commercial Investment / Development Opportunity In Melbourne’s Most Sought After City Fringe Suburb!

Outstanding Richmond investment with opportunity for future commercial development, now available For sale by Public Auction on Friday 21st September at 12.30pm on site.

+ 1,381sqm* landholding with Industrial 3 zoning (IN3Z)
+ Securely leased to high profile tenant
+ Surrounded by world class amenity
+ Ripe for future development
+ Demolition clause in the Lease

Prominent 1,381sqm* corner landholding with huge combined triple street frontage of 110m* to Burnley Street, Murphy Street & Bridge Street superbly positioned within Melbourne’s most popular & tightest city fringe commercial office market – Richmond.

Quality single level showroom / warehouse currently tenanted to ‘Get Wines Direct’ returning $280,000* per annum plus GST.

Prominent retail, food & lifestyle attractions along Bridge Road (170m*), Victoria Gardens Shopping Centre anchored by major retail tenancies including IKEA, Hoyts Cinema and Coles Supermarket plus 80 specialty retail stores (400m*).

Ability to hold as an investment; re-position or develop with strong height precedence of 9 levels with CBD views

Direct Melbourne CBD (3km*) access provided by Melbourne’s established transport network including tram lines on Victoria Street and Bridge Road.

For information please contact the exclusive agents listed below.

In conjunction with CBRE.

*approx

Additional Information
Features
  • Availability: Subject to a lease
  • Zoning: Industrial 3 Zone (IN3Z)
  • Suitable Development: Multi Level Commercial
  • Permits Issued: Nil.
  • Lease Term: 3 + 3 years
  • Rent Review: Annually at 4%
  • Car Spaces: On site
Richmond Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $8160 $610 7.47%
Retail $11250 $375 3.33%
Industrial $8401 $418 4.98%
This is the average advertised price, rent and yield for Richmond, VIC 3121*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Parking - Commercial and private parking spaces available within 500 metres of 157 - 161 Burnley Street, Richmond, VIC 3121. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • Nearby Cafes - Number of cafes located within 500 metres of 157 - 161 Burnley Street, Richmond, VIC 3121. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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