110-112 Murphy Street, Richmond, VIC 3121

Offices | Industrial

For Sale Contact Agent

  • Property ID: 411508
  • Floor Area: 1611m²
  • Land Area: 818m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
RICHMOND FREEHOLD BUILDING

CBRE in conjunction with Gross Waddell ICR are pleased to present this outstanding three (3) level freehold building located within Richmond's most actively evolving precinct.
This area is undergoing rapid transformation into a commercial office & lifestyle precinct and touted as Melbourne's next Cremorne arguably the strongest CBD fringe commercial office market in Australia.
This superb freehold opportunity is best described as follows:
+An outstanding three (3) level office / warehouse building ‘ready to occupy’ over 1,611sqm*
+A sizeable 818sqm* landholding with an 18m* frontage to Murphy Street
+Spacious floor plates, flexible work areas and ample storage. A roller door servicing the ground level ideal for deliveries or for on-site car parking with additional second level car park
+Would ideally suit owner/occupiers, investors or developers in one of Melbourne’s most active development precincts
+Significant development scope in a rapidly evolving precinct with height precedence of between 7-9 levels (STCA)
+Only metres from Richmond’s iconic primary retail, food and lifestyle strip ‘Bridge Road’
+500m* to Victoria Gardens Shopping Centre featuring over 80 tenants including IKEA, Coles & Kmart with plans to expand given trading success
+3km* to Melbourne’s CBD via 48 tram along Bridge Road with Burnley Train Station only 1km* away
+ Flexible lease in place returning $180,000p.a.*
*Approx
For further information please contact the exclusive sales and marketing agents:
CBRE
David Minty
+61 422 564 199
david.minty@cbre.com.au
Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au
Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au
Jing Jun (JJ) Heng ???
+61 411 059 116
jj.heng@cbre.com.au
Gross Waddell ICR
Michael Gross
+61 419 355 561
mgross@gwicr.com.au
Andrew Waddell
+61 419 400 991
awaddell@gwicr.com.au
Raoul Salter
+61 418 335 432
rsalter@gwicr.com.au

Richmond Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $6771 $340 5.02%
Offices $7676 $604 7.87%
Industrial $7853 $279 3.55%
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 Offices 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™.
  • 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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