416 Church Street, Richmond, VIC 3121 | Commercial for sale | OnTheHouse
 
FOR SALE
$490,000 - Negotiable

416 Church Street
Richmond VIC 3121

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 35m2
Land area: 35m2
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Prime Boutique Retail Space in Church Street - Richmond

Phone enquiries - please call 1300 594 794 and quote property ID 39760.
All set up for a Hair Dressing Salon. For sale to investors only.
Currently tenanted with a 3 chair Barber, 3 year contract and further 3 year option.
This shop is positioned in one of Melbourne’s busiest and most vibrant retail strips. This boutique commercial space presents an outstanding opportunity for small business owners or investors looking to secure a presence in the heart of Richmond.
Located on the well-known Church Street retail corridor, the property benefits from strong daily foot traffic and excellent exposure, surrounded by a dynamic mix of retailers, cafes, professional services and lifestyle businesses. Its strategic location places it only meters from all forms of public transport and within close proximity to the popular Swan Street precinct, providing convenient access for customers and staff alike.
The premises offer approximately 35m² of building area, making it an ideal space for a range of boutique retail or service-based businesses. The property is well equipped with its own kitchenette and bathroom, providing essential amenities rarely found in spaces of this size. True market value is $510,000.
Future possible uses:
* Can be used for:
* Accountant / tax agents
* Lawyer
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Property Details for 416 Church St, Richmond

Building Type
Commercial
Floor Size
35m2
Land Size
35m2
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About Richmond 3121

The size of Richmond is approximately 4.4 square kilometres. There are 20 parks, covering nearly 4.9% of the total area. The population of Richmond in 2016 was 27705 people. By 2021 the population was 28587 showing a population growth of 3.2% 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 over $4000 per month on mortgage repayments. In general, people in Richmond work in a professional occupation.In 2021, 43.00% of the homes in Richmond were owner-occupied compared with 40.80% in 2016.

Richmond has 22,746 properties. Over the last 5 years, Houses in Richmond have seen a -11.55% decrease in median value, while Units have seen a -1.96% decrease. As at 31 August 2026:

  • The median value for Houses in Richmond is $1,381,048 while the median value for Units is $644,082.
  • Houses have a median rent of $895 while Units have a median rent of $625.
There are currently 64 properties listed for sale, and 49 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 1032 properties were sold in the past 12 months in Richmond.

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