78 Docker Street,
Richmond, VIC 3121
Offices • Showrooms & Large Format Retail
Key property information
Floor area
Zoning
Tenure type
Sold on
Map of 78 Docker Street
Prime City Fringe Investment – 6% net yield
- Building area 370 sqm*
- Land Area: 175 sqm*
- Fully refurbished converted warehouse
Potential for future development up to 18 metres#
GrayJohnson is pleased to offer for private sale this attractive commercial freehold securely leased to an advertising and design agency.
The property is located just 50 metres* from the most popular stretch of Richmond’s busy Swan Street, in an area increasingly sought after by creative businesses.
The striking contemporary interior features lofty ceilings, polished timber floors and painted brick walls. Skylights flood the space with natural light.
The split-level building is currently configured as open plan workspace, plus a board room, meeting room, management offices and modern entrance foyer.
With a brand new 6-year lease in place, the property is returning $191,705 pa net + GST^ with annual reviews of 3.75%, making it a first-class addition to any property portfolio.
The opportunity:
> Smart, split-level creative office
> Building area 370 sqm*
> Land Area: 175 sqm*
> Returning $191,705 pa net + GST^ with annual reviews of 3.75%
> Bank Guarantee: 4 months' rental + GST
> Board room, meeting room, management offices and modern entrance foyer
> Ample natural light
> Fully refurbished converted warehouse
> Zoned Commercial 1
The location:
• Just 50 metres* from busy Swan Street
• Close to trendy eateries including Gelato Messina, Grill’d, Untitled, Feast of Merit.
• Brand new Coles supermarket nearby
• 13 minutes* to the city via Swan Street tram
• 2-minute* walk to East Richmond station
• 8-minute* walk to Richmond station
• 15-minute* walk to the MCG
^As of Aug 2023
*approx
#STPA
GrayJohnson is pleased to offer for private sale this attractive commercial freehold securely leased to an advertising and design agency.
The property is located just 50 metres* from the most popular stretch of Richmond’s busy Swan Street, in an area increasingly sought after by creative businesses.
The striking contemporary interior features lofty ceilings, polished timber floors and painted brick walls. Skylights flood the space with natural light.
The split-level building is currently configured as open plan workspace, plus a board room, meeting room, management offices and modern entrance foyer.
With a brand new 6-year lease in place, the property is returning $191,705 pa net + GST^ with annual reviews of 3.75%, making it a first-class addition to any property portfolio.
The opportunity:
> Smart, split-level creative office
> Building area 370 sqm*
> Land Area: 175 sqm*
> Returning $191,705 pa net + GST^ with annual reviews of 3.75%
> Bank Guarantee: 4 months' rental + GST
> Board room, meeting room, management offices and modern entrance foyer
> Ample natural light
> Fully refurbished converted warehouse
> Zoned Commercial 1
The location:
• Just 50 metres* from busy Swan Street
• Close to trendy eateries including Gelato Messina, Grill’d, Untitled, Feast of Merit.
• Brand new Coles supermarket nearby
• 13 minutes* to the city via Swan Street tram
• 2-minute* walk to East Richmond station
• 8-minute* walk to Richmond station
• 15-minute* walk to the MCG
^As of Aug 2023
*approx
#STPA
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
Gray Johnson - Melbourne
7/41 Exhibition StreetMELBOURNE, VIC 3000
78 Docker Street
Richmond, VIC 3121
Gray Johnson - Melbourne7/41 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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