21 David Street,
Richmond, VIC 3121
Warehouse, Factory & Industrial • Offices • Showrooms & Large Format Retail
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Stonebridge Property Group - Melbourne
Level 19, 627 Chapel StreetSOUTH YARRA, VIC 3141
21 David Street
Richmond, VIC 3121
Map of 21 David Street
Richmond Building 100% Leased to Longstanding International Tenant
- 100% Leased to International Tenant
- Brand New 5-Year Lease
- Future Development Options
Stonebridge Property Group is pleased to present for sale 21 David Street, Richmond.
21 David Street is a single title warehouse/office fully leased to an international tenant through a brand-new 5-year lease term.
The property is within Bridge Road’s retail and dining precinct and only 120 m* to Victoria Gardens Shopping Centre.
The key highlights of the property include:
- Fully leased to August Digital Marketing, a longstanding international tenant with offices in Melbourne, Sydney, Brisbane, Manchester, and Toronto.
- August Digital Marketing has secured a brand-new 5-year lease term, which commenced on 15 Oct 2023 with 1 x 5-year option
- Annual rental income with a fixed annual rental increase of 2.5%
- Significant 425 sqm* mixed-use zoned landholding providing for a range of future development potential options
- Refurbished 560 sqm* building with significant depreciation
- Strategically located in a vibrant area, with a short walk to Bridge Road's retail and dining precinct, Victoria Gardens Shopping Centre (120 m*), and tram networks to the CBD (600 m*)
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Dylan Kilner
0459 396 3...
Max Warren
0488 296 8...
Chao Zhang 张超
0411 625 0...
Rorey James
0439 400 0...
* Approximate
Property Code: 815
21 David Street is a single title warehouse/office fully leased to an international tenant through a brand-new 5-year lease term.
The property is within Bridge Road’s retail and dining precinct and only 120 m* to Victoria Gardens Shopping Centre.
The key highlights of the property include:
- Fully leased to August Digital Marketing, a longstanding international tenant with offices in Melbourne, Sydney, Brisbane, Manchester, and Toronto.
- August Digital Marketing has secured a brand-new 5-year lease term, which commenced on 15 Oct 2023 with 1 x 5-year option
- Annual rental income with a fixed annual rental increase of 2.5%
- Significant 425 sqm* mixed-use zoned landholding providing for a range of future development potential options
- Refurbished 560 sqm* building with significant depreciation
- Strategically located in a vibrant area, with a short walk to Bridge Road's retail and dining precinct, Victoria Gardens Shopping Centre (120 m*), and tram networks to the CBD (600 m*)
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Dylan Kilner
0459 396 3...
Max Warren
0488 296 8...
Chao Zhang 张超
0411 625 0...
Rorey James
0439 400 0...
* Approximate
Property Code: 815
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
Stonebridge Property Group - MelbourneLevel 19, 627 Chapel Street
SOUTH YARRA, VIC 3141
SOUTH YARRA, VIC 3141
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