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Sold on 12 Sep 2023 - Price Unavailable

5 West Market Street
Richmond NSW 2753

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1559m2
Land area: 2764m2
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Property Details for 5 West Market St, Richmond

Building Type
Commercial
Floor Size
1559m2
Land Size
2764m2
Local Government
Hawkesbury
Lot/Plan
11/DP864189

Last Listing description (September 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.

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Property History for 5 West Market St, Richmond, NSW 2753

A timeline of how this property has performed in the market
Last Sold
12 Sep 2023
Listed for Rent
$4.60k/w
11 Apr 2019
  • 12 Sep 2023
    Sold for $5,150,000
  • 07 Jul 2023
    Listed for Sale Price on Application
  • 17 Mar 2022
    Listed for Sale Contact Agent
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About 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 3,133 properties.

    There are currently 18 properties listed for sale, and 14 properties listed for rent in Richmond on OnTheHouse. According to CoreLogic's data, 137 properties were sold in the past 12 months in Richmond.

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