240 Swan Street, Richmond, VIC 3121

Retail | Medical | Showrooms

For Sale Contact Agent

  • Property ID: 362668
  • Floor Area: 195m² - 205m²
  • Land Area: 201m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
Landmark Investment Opportunity

Morley is pleased to offer this outstanding ground floor freehold opportunity, perfectly positioned on the corner of one of Melbourne's most recognised intersections. A well located offering in the heart of Melbourne's world-class entertainment, hospitality, arts and sports precinct.

Currently occupied by Caydon Property Group as a display and marketing facility for their Malt District mixed use development in Cremorne.

Existing rental income $113,850 per annum plus GST [Outgoings paid by tenant]

Area 201 m2.

Two separate titles with total frontage of 27 meters.

The property conveniently backs onto the East Richmond train station and public car park.

Previous high profile tenants include Sportsgirl, Jag and Australia & New Zealand banking group.

Future opportunities include: subdivision of space, ability to owner occupy all or part, re-leasing to hospitality, medical or others seeking prime city fringe location and exposure.

The immediate area is surrounded by many of Melbourne's most established and successful business operators.

The property is being offered for sale privately.

For further information, price guide and inspection arrangements contact:

Josh McMullin
0400 248 016
jmcmullin@morleycommercial.com.au

Richmond Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $8514 $432 5.08%
Offices $7541 $561 7.44%
Industrial $6545 $245 3.74%
This is the average advertised price, rent and yield for Richmond, VIC 3121*
Time on Market (days)

This listing: 128 days.

36 days on market for best 25%, 54 days on market for best 25% 3 months prior.
46 deals, 37 deals 3 months prior.

* 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™.
  • 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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