SOLD
Sold on 21 Dec 2023 for $2,820,000

21 David Street
Richmond VIC 3121

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 593m2
Land area: 425m2
Improve this data
Sold By
Stonebridge Property Group VIC
Share
Save

Property Details for 21 David St, Richmond

Building Type
Commercial
Floor Size
593m2
Land Size
425m2
Local Government
Yarra
Lot/Plan
30/LP13552

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

Show More

Property History for 21 David St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$2,820,000
21 Dec 2023
Listed for Rent
$1.73k/w
19 Jan 2010
  • 21 Dec 2023
    Sold for $2,820,000
  • 16 Nov 2023
    Listed for Sale Contact the Stonebridge Team
  • 23 Oct 2015
    Sold for $2,570,000
Sign in to see more transactions

Commute Calculator

Recent sales nearby

See more recent sales nearby

Similar properties For Sale nearby

See more properties for sale nearby

Similar properties For Rent nearby

See more properties for rent nearby

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 22,314 properties. Over the last 5 years, Houses in Richmond have seen a 22.14% increase in median value, while Units have seen a 7.12% increase. As at 31 July 2024:

  • The median value for Houses in Richmond is $1,447,369 while the median value for Units is $628,526.
  • Houses have a median rent of $775 while Units have a median rent of $575.
There are currently 57 properties listed for sale, and 67 properties listed for rent in Richmond on OnTheHouse. According to CoreLogic's data, 940 properties were sold in the past 12 months in Richmond.

Richmond Profile Page

Suburb Insights for Richmond 3121

Visit Richmond profile page
Market Insights
Richmond Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Richmond Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value over 1 year
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Richmond profile page
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED