129 Burnley Street,
Richmond, VIC 3121
Shops & Retail
Key property information
Land area
Floor area
Tenure type
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MPC Moss Property Consultants - Richmond
1/429 Bridge RoadRICHMOND, VIC 3121
129 Burnley Street
Richmond, VIC 3121
Map of 129 Burnley Street
A PRISTINE ENTRY LEVEL INVESTMENT
** AUCTION: THURSDAY 5TH SEPTEMBER 2019 AT 12PM ONSITE **
An exciting opportunity to acquire a shop and dwelling securely leased to established tenant, Prest Laundry, who have been operating out of Burnley Street since 1998.
Superbly located between the bustling retail strip of Bridge Road and Victoria Gardens Shopping Centre within the "in demand" suburb of Richmond, the property is situated within an active neighbourhood retail strip close to a number of transport options, CityLink access and Melbourne's CBD.
The property features the following:
• Ground floor shop with first floor apartment comprising 2 bedrooms, 2 bathrooms, kitchen with dining and separate living room with balcony
• Building Area: 270m2*
• Land Area: 151m2*
• Total Rental: $45,000* p.a.
• Lease Term: Three (3) years, commenced March 2019
• Further Terms: Three (3) further terms of three (3) years
• Reviews: Annual 3% increases
• Rear access via R.O.W.
*Approx.
In conjunction with Moss Property Consultants
An exciting opportunity to acquire a shop and dwelling securely leased to established tenant, Prest Laundry, who have been operating out of Burnley Street since 1998.
Superbly located between the bustling retail strip of Bridge Road and Victoria Gardens Shopping Centre within the "in demand" suburb of Richmond, the property is situated within an active neighbourhood retail strip close to a number of transport options, CityLink access and Melbourne's CBD.
The property features the following:
• Ground floor shop with first floor apartment comprising 2 bedrooms, 2 bathrooms, kitchen with dining and separate living room with balcony
• Building Area: 270m2*
• Land Area: 151m2*
• Total Rental: $45,000* p.a.
• Lease Term: Three (3) years, commenced March 2019
• Further Terms: Three (3) further terms of three (3) years
• Reviews: Annual 3% increases
• Rear access via R.O.W.
*Approx.
In conjunction with Moss Property Consultants
Richmond, 3121 demographic data
The median household income for Richmond is $2,245, 18% higher than Greater Melbourne's household income of $1,901. Richmond has a younger age profile compared to the rest of Greater Melbourne (median age 34 vs 37). Property ownership data shows 55% of property owners in Richmond have a mortgage.
28,587
Population
$2,245 per week
Median household income
34 years
Median age
Renters
Most residents
Families
Most households
MPC Moss Property Consultants - Richmond1/429 Bridge Road
RICHMOND, VIC 3121
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