234 & 236-238 Bridge Road,
Richmond, VIC 3121
Shops & Retail • Offices
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Gorman Commercial Real Estate
L1 /415 Riversdale RoadHAWTHORN EAST, VIC 3123
234 & 236-238 Bridge Road
Richmond, VIC 3121
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TWO PRIME RETAIL INVESTMENTS – BUY ONE OR BOTH
- Strong leases in place
- Well presented - set & forget
- Quality freeholds with high exposure
Gorman Allard Shelton is pleased to offer 234 & 236-238 Bridge Road, Richmond for sale by way of public Auction on Friday 28 July at 12 noon on-site.
Outstanding opportunity to acquire one or two exceptional retail investments in the heart of Bridge Road. Each property presents in exceptional condition offering quality set and forget investments.
234 Bridge Road:
* Income: $43,709 per annum + GST + outgoings
* 5+5+3 year lease (commencing May 2020)
* Land area: 215 sqm (approx.)
* Building area: 185 sqm (approx.)
236-238 Bridge Road:
* Income: $92,700 per annum + GST + outgoings
* 5+5+5+5 year lease (commencing January 2022)
* Land area: 342 sqm (approx.)
* Building area: 397 sqm (approx.)
Directly opposite recently completed Richmond Trader’s Shopping Centre comprising 10,000 sqm retail space, brand new Coles supermarket and 360 apartments.
Outstanding city fringe location, metres from Bridge Road and Church Street intersection, as well as an abundance of public transport and lifestyle amenity. 400 metres to Epworth Hospital and medical precinct.
Outstanding opportunity to acquire one or two exceptional retail investments in the heart of Bridge Road. Each property presents in exceptional condition offering quality set and forget investments.
234 Bridge Road:
* Income: $43,709 per annum + GST + outgoings
* 5+5+3 year lease (commencing May 2020)
* Land area: 215 sqm (approx.)
* Building area: 185 sqm (approx.)
236-238 Bridge Road:
* Income: $92,700 per annum + GST + outgoings
* 5+5+5+5 year lease (commencing January 2022)
* Land area: 342 sqm (approx.)
* Building area: 397 sqm (approx.)
Directly opposite recently completed Richmond Trader’s Shopping Centre comprising 10,000 sqm retail space, brand new Coles supermarket and 360 apartments.
Outstanding city fringe location, metres from Bridge Road and Church Street intersection, as well as an abundance of public transport and lifestyle amenity. 400 metres to Epworth Hospital and medical precinct.
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
Gorman Commercial Real Estate L1 /415 Riversdale Road
HAWTHORN EAST, VIC 3123
HAWTHORN EAST, VIC 3123
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