Property Details

Richmond, Melbourne VIC 3121

Sold $16,700,000
Retail
Description

RICHMOND’S BEST CORNER DEVELOPMENT SITE OF 1,540sqm PROVIDING THREE STREET FRONTAGE AND SIGNIFICANT INCOME

Retail Sold - Richmond VIC

Future development site in Melbourne’s most sought after location to live, work, play on the door step of the CBD.

-Substantial and Dominant land holding of 1,540m*

-Featuring three (3) enormous street frontages.

  • Swan Street: 34.54m*
  • Lennox Street: 40.36m*
  • Carroll Street: 49.38m*

-Existing improvements include 10 shops and 8 first level office suites.

-Strong holding income of $490,000 per annum* with demolition clauses in place

-Surrounded by outstanding amenities including

  • Coles Supermarket (50m*)
  • Richmond Train Station (250m*)
  • Church Street Precinct (350m*)
  • MCG (1.2km*)
  • Melbourne CBD (2.2km*)

*Plans and permit approved for 5 retail shops, 2 restaurants, 57 apartments and 44 car spaces over 5 levels.

 

Property Features

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