21 David StreetRichmond VIC 3121
Property Details for 21 David St, Richmond
Last Listing description (November 2023)
Stonebridge Property Group is pleased to present 21 David Street, Richmond for sale via Expressions of Interest campaign (EOI).
21 David Street is a single title warehouse/office fully leased to an international tenant through a brand-new 5-year lease term.
The property is within Bridge Road's retail and dining precinct and only 120 m* to Victoria Gardens Shopping Centre.
The key highlights of the property include:
- Fully leased to August Digital Marketing, a longstanding international tenant with offices in Melbourne, Sydney, Brisbane, Manchester, and Toronto.
- August Digital Marketing has secured a brand-new 5-year lease term, which commenced on 15 Oct 2023 with 1 x 5-year option
- Annual rental income of $144,200* with a fixed annual rental increase of 2.5%
- Significant 425 sqm* mixed-use zoned landholding providing for a range of future development potential options
- Refurbished 560 sqm* building with significant depreciation
- Strategically located in a vibrant area, with a short walk to Bridge Road's retail and dining precinct, Victoria Gardens Shopping Centre (120 m*), and tram networks to the CBD (600 m*)
21 David Street, Richmond is for sale by Expressions of Interest closing Friday 8th December 2023 at 2:00PM (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Dylan Kilner
0459 396 341
Max Warren
0488 296 892
Chao Zhang
0411 625 068
Rorey James
0439 400 081
* Approximate
Property Code: 815
Property History for 21 David St, Richmond, VIC 3121
- 21 Dec 2023Sold for $2,820,000
- 16 Nov 2023Listed for Sale Contact the Stonebridge Team
- 23 Oct 2015Sold for $2,570,000
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0About 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 22,439 properties. Over the last 5 years, Houses in Richmond have seen a -1.61% decrease in median value, while Units have seen a -1.61% decrease. As at 30 November 2024:
- The median value for Houses in Richmond is $1,358,293 while the median value for Units is $612,528.
- Houses have a median rent of $750 while Units have a median rent of $580.
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