86 Victoria Street,
Richmond, VIC 3121
Shops & Retail • Offices • Showrooms & Large Format Retail
Key property information
Land area
Floor area
Property extent
Zoning
Tenure type
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Map of 86 Victoria Street
BUSINESS OPPORTUNITY WITH SEPARATE MODERN RESIDENCE!
Discover the perfect investment opportunity nestled in the heart of Richmond! This versatile two-story renovated building boasts a fully equipped restaurant on the ground floor and a newly renovated modern residence on the first floor with separate entrance, providing an ideal setup for owner-occupiers or savvy investors
Ground Floor Highlights:
•Fully equipped commercial kitchen ready for immediate use or adaptable to open-plan retail space.
•Spacious modern interior spanning 130 square meters approx.
•Open plan restaurant dining area or retail space
•High foot traffic area, drawing locals and tourists alike.
•Well-maintained premises with a contemporary and inviting ambiance.
•Ample seating capacity to accommodate large groups.
•Front + rear access via Little Butler Street
1st Floor Residence with separate entry features:
Explore the charm of this modern first-floor apartment situated at 86 Victoria Street in Richmond, accessible via Little Butler Street. This spacious residence, occupying the entire floor with approximately 130sqm of space, offers an array of features, including:
•3 generous bedrooms, large master with ensuite and a walk-in change room (also suitable as a study).
•A second central bathroom.
•Large & bright open plan kitchen/meals/living area extending to a private balcony
•Bright living area extending to a private balcony.
•Laundry facilities within the apartment.
•Additional features include timber look floors throughout, reverse cycle air conditioning for comfort and convenience and modern kitchen.
This prime location is surrounded by trendy cafes, popular restaurants, boutique shops, and entertainment venues, ensuring your business will thrive in the heart of the action. Excellent connectivity to public transportation makes it easily accessible for customers and staff alike.
Zoning: Commercial 1
Potential Combined Rental: $85,000 - $90,000 per annum
Outgoings:
Council Rates - $2,600 per annum
Water Rates - $1,400 per annum
Don't miss out on this incredible opportunity to own a piece of Richmond's thriving community!
Ground Floor Highlights:
•Fully equipped commercial kitchen ready for immediate use or adaptable to open-plan retail space.
•Spacious modern interior spanning 130 square meters approx.
•Open plan restaurant dining area or retail space
•High foot traffic area, drawing locals and tourists alike.
•Well-maintained premises with a contemporary and inviting ambiance.
•Ample seating capacity to accommodate large groups.
•Front + rear access via Little Butler Street
1st Floor Residence with separate entry features:
Explore the charm of this modern first-floor apartment situated at 86 Victoria Street in Richmond, accessible via Little Butler Street. This spacious residence, occupying the entire floor with approximately 130sqm of space, offers an array of features, including:
•3 generous bedrooms, large master with ensuite and a walk-in change room (also suitable as a study).
•A second central bathroom.
•Large & bright open plan kitchen/meals/living area extending to a private balcony
•Bright living area extending to a private balcony.
•Laundry facilities within the apartment.
•Additional features include timber look floors throughout, reverse cycle air conditioning for comfort and convenience and modern kitchen.
This prime location is surrounded by trendy cafes, popular restaurants, boutique shops, and entertainment venues, ensuring your business will thrive in the heart of the action. Excellent connectivity to public transportation makes it easily accessible for customers and staff alike.
Zoning: Commercial 1
Potential Combined Rental: $85,000 - $90,000 per annum
Outgoings:
Council Rates - $2,600 per annum
Water Rates - $1,400 per annum
Don't miss out on this incredible opportunity to own a piece of Richmond's thriving community!
Additional information
External websites
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
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