368 Burnley Street, Richmond, VIC 3121

Retail

For Sale Contact Agent

  • Property ID: 330241
  • Floor Area: 192m²
  • Occupancy: Vacant
**SOLD**

FIT OUT COMMENCED
Brand new retail investment to be sold with new long term lease to experienced hospitality operator.


Rent: $80,000 per annum plus GST plus outgoings
7 + 7 year lease (commenced Dec 2017)
Building Area: 192 sqm (approx)
Extensive 12 metre (approx) frontage for Burnley Street
2 car spaces on title


Note: Tenant to commence extensive cafe fit out at lease commencement (15th December 2017)

The Burnley Street and Swan Street junction is currently undergoing rapid transformation with significant growth being driven by numerous residential developments either recently completed or under construction. The high traffic location is serviced by the Swan Street Tram and Burnley Train Station.


Richmond Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $8300 $563 6.79%
Retail $6847 $478 6.98%
Industrial --- $332 ---
This is the average advertised price, rent and yield for Richmond, VIC 3121*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* 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 368 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 368 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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