141 Swan StreetRichmond VIC 3121
Property Details for 141 Swan St, Richmond
Last Listing description (May 2016)
Lemon Baxter is pleased to have this outstanding retail premises up for sale by way of public auction.
Located on Swan Street, in what is one of Richmond's busiest retail strips.
- Freestanding 2 level funky retail premises
- Current rental $51,954 p.a* net
- Strong rental growth potential
- Longstanding tenant (Demitri's Feast)
- Licensed Cafe
- First time offering in over 50 years
- Ideal for self managed Superfund style investment
- Possible future development (S.T.C.A)
AUCTION FRIDAY 23rd OCTOBER AT 12 NOON ON SITE
Approx*
Property History for 141 Swan St, Richmond, VIC 3121
- 24 Apr 2024Sold for $1,320,000
- 23 Oct 2015Sold for $1,450,000
- 29 Sep 2015Listed for Sale Not Disclosed
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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 22,210 properties. Over the last 5 years, Houses in Richmond have seen a 3.86% increase in median value, while Units have seen a 0.62% increase. As at 31 October 2024:
- The median value for Houses in Richmond is $1,391,709 while the median value for Units is $612,696.
- Houses have a median rent of $775 while Units have a median rent of $575.
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