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521 Bridge Road, Richmond, VIC, 3121

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521 Bridge Road, Richmond, VIC, 3121

Richmond

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521 Bridge Road, Richmond, VIC, 3121

Richmond

SOLD
521 Bridge Road, Richmond, VIC, 3121

521 Bridge Road, Richmond, VIC, 3121

Properties / Sold / Victoria / Richmond
Tenanted Investment
Selling Method
Contact Agent
Selling Details
Contact Cushman and Wakefield
Land Area
307 m² (*approx)
Floor Area
584 m² (*approx)
Property Type
Retail
Sub-type
Mixed Use
Est. Income
$201,571 p/a
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The Pharmacy & Medical Investment You Have Been Waiting For
  • 100% Leased to ‘The Pharmacy Common’
  • Six (6) Year Lease & Annual Increases
  • Modern Retail & Office Building

Cushman & Wakefield City Fringe Sales are pleased to present For Sale 521 Bridge Road, Richmond.

Key property highlights include,

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 intention to hold the asset long-term.

- Returning $201,571pa + GST & Outgoings with fixed annual increases and substantial depreciation allowances available.

- Leased to ‘The Pharmacy Common’, a long standing community pharmacy with compounding facilities.

- 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.

- Free public street parking available outside the property on Palmer Street.

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

-Ideally located to take advantage of the ongoing development along Bridge Road and Burnley Street, with urban planning improvements such as the recently announced City of Yarra activity centre, set to enhance property values in the years to come.

For Private Sale.

For more information, please contact Cushman & Wakefield City Fringe Sales as the exclusive selling agent

Raphael Favas | +61 435 916 380

George Davies | +61 421 799 489

Anthony Kirwan | +61 431 952 430

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Tenanted Investment

521 Bridge Road Investment Summary

Property Type
Retail
Sub-type
Mixed Use
Est. Income
$201,571 p/a
Land Area
307 m² (*approx)
Floor Area
584 m² (*approx)
Selling Method
Contact Agent
Selling Details
Contact Cushman and Wakefield

Investment Highlights

The Pharmacy & Medical Investment You Have Been Waiting For
  • 100% Leased to ‘The Pharmacy Common’
  • Six (6) Year Lease & Annual Increases
  • Modern Retail & Office Building

Cushman & Wakefield City Fringe Sales are pleased to present For Sale 521 Bridge Road, Richmond.

Key property highlights include,

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 intention to hold the asset long-term.

- Returning $201,571pa + GST & Outgoings with fixed annual increases and substantial depreciation allowances available.

- Leased to ‘The Pharmacy Common’, a long standing community pharmacy with compounding facilities.

- 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.

- Free public street parking available outside the property on Palmer Street.

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

-Ideally located to take advantage of the ongoing development along Bridge Road and Burnley Street, with urban planning improvements such as the recently announced City of Yarra activity centre, set to enhance property values in the years to come.

For Private Sale.

For more information, please contact Cushman & Wakefield City Fringe Sales as the exclusive selling agent

Raphael Favas | +61 435 916 380

George Davies | +61 421 799 489

Anthony Kirwan | +61 431 952 430

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

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521 Bridge Road, Richmond, VIC, 3121

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