FOR SALE
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314-316 Bridge Road
Richmond VIC 3121

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Investment in Richmond

Located in the very popular suburb of Richmond this Bridge Road shop is surround by businesses and many high-density homes. The double ground floor space is currently occupied by a successful tenant, "St James Café/Restaurant" and provides a good return to the current investor.
In recent years there has been an influx of businesses and families opting for the convenience of living within walking distance or at most, a short tram ride to their place of work. With the high number of residence and office workers in the area there has been an increased patronage of the local eateries and shops boosting the economy of the suburb.
Please contact Theresa Huynh on 0450 551 959 for further information.
Current monthly return $8263.10 +GST
+4% April increase will be $8593.62 + GST ($113435.82pa inc. GST)
RICHMOND
Richmond and surrounding inner city suburbs are considered high density population suburbs mixed with office buildings & light industries. These suburbs are well serviced by both trams and trains providing good access to Melbourne CBD, schools and Universities enhancing their appeal to a large portion of the population.
Link to Street view of 314-316 Bridge Road Richmond
https://www.google.com/maps/@-37.818883,145.001929,3a,75y,203.37h,90t/data=!3m6!1e1!3m4!1sMdF2Qs2b4xITDXj4x5ohmg!2e0!7i16384!8i8192?entry=ttu

Property Details for 314-316 Bridge Rd, Richmond

Building Type
Commercial

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About Richmond 3121

The size of Richmond is approximately 4.4 square kilometres. It has 20 parks covering nearly 4.9% of total area. The population of Richmond in 2011 was 23,814 people. By 2016 the population was 27,711 showing a population growth of 16.4% in the area during that time. The predominant age group in Richmond is 20-29 years. Households in Richmond are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Richmond work in a professional occupation. In 2011, 43.2% of the homes in Richmond were owner-occupied compared with 40.8% in 2016.

Richmond has 22,317 properties. Over the last 5 years, Houses in Richmond have seen a 19.38% increase in median value, while Units have seen a 4.09% increase. As at 31 August 2024:

  • The median value for Houses in Richmond is $1,450,223 while the median value for Units is $622,221.
  • Houses have a median rent of $760 while Units have a median rent of $575.
There are currently 60 properties listed for sale, and 68 properties listed for rent in Richmond on OnTheHouse. According to CoreLogic's data, 946 properties were sold in the past 12 months in Richmond.

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CENTURY 21 Theresa Huynh
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