37-43 Bridge Road,
Richmond, VIC 3121
Shops & Retail • Offices • Showrooms & Large Format Retail
Key property information
Land area
Floor area
Sold on
Lemon Baxter
Level 26, 2 Southbank BoulevardSOUTHBANK, VIC 3006
37-43 Bridge Road
Richmond, VIC 3121
Map of 37-43 Bridge Road
A Richmond Trophy – 8 Spacious Apartments & 3 Prime Retail Shops
- 100% Leased Investment
- Untapped Value Add Potential
- Diverse Annual Income
Stonebridge Property Group & Lemon Baxter are pleased to present for sale 37-43 Bridge Road, Richmond.
The key highlights of the opportunity include:
- 37-43 Bridge Road, Richmond stands as a highly versatile freehold investment in one of Melbourne’s most acclaimed retail and residential positions
- Comprising 3 high-quality Bridge Road fronting retail shops and 8 spacious and well-designed residential apartments – to be offered in one line
- Providing future potential to unlock value through subdividing the asset and selling down each opportunity separately
- 100% leased and providing a diverse annual passing income
- With Richmond’s residential vacancy currently at 0.8% the property is poised for exciting rental growth possibilities and offers a low-risk investment opportunity
- The commanding freehold spanning 1,100 sqm* of building area and benefits from 19 m* of ultra prime Bridge Road exposure (3 shop fronts)
- Underlying fundamentals include a 520 sqm* Commercial 1 zoned landholding with the added convenience of rear lane access and on-site car parking
- The property resides in a thriving precinct, walking distance from Melbourne’s globally recognised sporting precincts (MCG, AAMI Park, Melbourne & Olympic Park) and the CBD (1.5 km*)
- Supported by access to a multitude of public transport options including West Richmond. Richmond and Jolimont Train Stations plus trams along Bridge Road
- Located in the heart of the Bridge Road, Richmond and set amongst the Richmond medical precinct, home to the Epworth Hospital, and a number of high-density residential developments
37-43 Bridge Road, Richmond is offered for sale via Public On-Site Auction Thursday 16th November 2023 at 12:30pm (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents.
Stonebridge Property Group:
Nic Hage
0448 782 5...
Dylan Kilner
0459 396 3...
Sarah Xi
0468 320 297
Rorey James
0439 400 081
Lemon Baxter:
John Pratt
0412 350 828
*Approximately
The key highlights of the opportunity include:
- 37-43 Bridge Road, Richmond stands as a highly versatile freehold investment in one of Melbourne’s most acclaimed retail and residential positions
- Comprising 3 high-quality Bridge Road fronting retail shops and 8 spacious and well-designed residential apartments – to be offered in one line
- Providing future potential to unlock value through subdividing the asset and selling down each opportunity separately
- 100% leased and providing a diverse annual passing income
- With Richmond’s residential vacancy currently at 0.8% the property is poised for exciting rental growth possibilities and offers a low-risk investment opportunity
- The commanding freehold spanning 1,100 sqm* of building area and benefits from 19 m* of ultra prime Bridge Road exposure (3 shop fronts)
- Underlying fundamentals include a 520 sqm* Commercial 1 zoned landholding with the added convenience of rear lane access and on-site car parking
- The property resides in a thriving precinct, walking distance from Melbourne’s globally recognised sporting precincts (MCG, AAMI Park, Melbourne & Olympic Park) and the CBD (1.5 km*)
- Supported by access to a multitude of public transport options including West Richmond. Richmond and Jolimont Train Stations plus trams along Bridge Road
- Located in the heart of the Bridge Road, Richmond and set amongst the Richmond medical precinct, home to the Epworth Hospital, and a number of high-density residential developments
37-43 Bridge Road, Richmond is offered for sale via Public On-Site Auction Thursday 16th November 2023 at 12:30pm (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents.
Stonebridge Property Group:
Nic Hage
0448 782 5...
Dylan Kilner
0459 396 3...
Sarah Xi
0468 320 297
Rorey James
0439 400 081
Lemon Baxter:
John Pratt
0412 350 828
*Approximately
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
Lemon BaxterLevel 26, 2 Southbank Boulevard
SOUTHBANK, VIC 3006
SOUTHBANK, VIC 3006
Contact Agency
Stonebridge Property Group - MelbourneLevel 19, 627 Chapel Street
SOUTH YARRA, VIC 3141
SOUTH YARRA, VIC 3141