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2. Property Highlights

The Blue-Chip Pharmacy Investment that Ticks all the Boxes
  • Returning $174,280* + GST & Outgoings
  • Six (6) Year Lease with Annual Increases
  • Two Street Frontages

Cushman & Wakefield Melbco Strip Retail are pleased to present For Sale 521 Bridge Road, Richmond.

- A distinctive and prominently positioned freehold property, just 3km* from the Melbourne CBD.

- Modern building constructed in 2005 by the current owners to an exceptionally high standard with the intentions to hold the asset long-term.

- Substantial depreciation allowances available.

- Leased to CCG Leasing medical group which includes ‘Hark Medical’ supplier of drug medication solutions and dispensing devices, and ‘The Pharmacy Common’ compounding pharmacy and drug trial administration.

- High-quality improvements across ground level and level one enhanced by extensive fittings tailored for compounding pharmacy and drug trials.

- Situated on a prime city fringe land allotment of 307sqm* improved by a two-storey retail and office building with a total GBA of 584sqm*.

- Huge exposure with 10m* frontage to Bridge Road, valuable rear entrance to Palmer Street and two off-street (lock-up) parking spaces.

- Flexible building design allows for more than one tenant each with its own street entrance.

- Major national and ASX listed retailers nearby including Adairs, Zap Fitness, Harvey Norman, Chemist Warehouse and Officeworks guaranteeing a consistent flow of professionals and residents to the area.

- Ideally located to take advantage of ongoing development along Bridge Road and Burnley Street, and urban planning improvements which are set to enhance property values in the years to come.

For Sale by Expressions of Interest Closing Wednesday 19 June 2024 at 12pm.

For more information, please contact Cushman & Wakefield Melbco Strip Retail as the exclusive selling agent:

Raphael Favas | +61 435 916 380

George Davies | +61 421 799 489

Daniel Wolman | +61 412 957 839

Karim Ford | +61 492 478 830

Remember to mention you found this property on CommercialReady

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3. Property Location

521 Bridge Road, Richmond, VIC, 3121

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