5 West Market StreetRichmond NSW 2753
Property Details for 5 West Market St, Richmond
5 West Market St, Richmond is a 0 bedroom, 0 bathroom House. The property has a land size of 2767m2. While the property is not currently for sale or for rent, it was last sold in September 2023.
Last Listing description (October 2023)
Combining stability, functionality, and realised investment potential, this 2,764 square metre commercial offering features a spectacular open-plan warehouse property and a sealed car park with 31 allocated spaces on title, including 2 disabled parking spaces.
A blue chip tenant currently occupies the 1,559 square metre warehouse facility under a 5 year lease that commenced in September 2021, plus a 5 year extension option, giving the astute buyer assurance that a steady income stream would continue.
Positioned within the heart of Richmond's commercial precinct, the property boasts excellent connectivity to Richmond Mall and the main services strip of Windsor Street, making it an unrivalled epicentre for business and commerce.
Ideally suited for small to medium scale retail premises, as it is currently utilised, the E2 Commercial Centre zoning could also suit a host of business uses, including artisan food and drink industries, childcare premises, medical centres, or recreation facilities (STCA).
The building also includes new ducted air conditioners and an interior mezzanine level with offices, storage spaces, and restroom facilities. Get ready to take advantage of this exceptional opportunity at the peak of commercial expertise.
Features: - 2,764 square metre commercial property in a central location - 1,559 square metre open plan and flexible warehouse space - Sealed car park with 31 allocated spaces, including 2 with disabled parking - Current retail tenant on 5 year lease with 5 year option (commenced Sep 2021) - Prime location in Richmond's bustling commercial precinct - Excellent connectivity to Richmond Mall and Windsor Street services - E2 Commercial Centre zoning allows for various business uses (STCA) - Upgraded with new ducted air conditioners - Interior mezzanine level with offices, storage, and restrooms - Information Memorandum available upon request
Contact your friendly Cutcliffe agent today for more information or to arrange an inspection.
Property History for 5 West Market St, Richmond, NSW 2753
- 12 Sep 2023Sold for $5,150,000
- 07 Jul 2023Listed for Sale Price on Application
- 17 Mar 2022Listed for Sale Contact Agent
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0About Richmond 2753
The size of Richmond is approximately 29.9 square kilometres. It has 19 parks covering nearly 4.4% of total area. The population of Richmond in 2011 was 5,273 people. By 2016 the population was 5,482 showing a population growth of 4.0% 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, 52.1% of the homes in Richmond were owner-occupied compared with 51.2% in 2016.
Richmond has 3,128 properties. Over the last 5 years, Houses in Richmond have seen a 51.27% increase in median value, while Units have seen a 30.51% increase. As at 31 October 2024:
- The median value for Houses in Richmond is $901,706 while the median value for Units is $612,057.
- Houses have a median rent of $550 while Units have a median rent of $490.
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