This property presents a rare opportunity to secure a flexible dual-title commercial holding in the heart of Richmond's tightly held commercial precinct.Offered for sale either individually or in one line, the property provides exceptional flexibility for investors, owner-occupiers or those seeking future upside (STCA).Car Yard Features:The established car yard benefits from strong street exposure and generous hardstand display areas, ideal for vehicle sales and customer access. Improvements include two on-site offices and a substantial 9m x 14m workshop, providing excellent operational capacity for preparation, storage or servicing of vehicles.Automotive Shop Features:The automotive workshop premises comprise a 4.7m x 4m office and a large 8m x 22m workshop, offering expansive internal workspace suited to mechanical repairs and servicing. A 6m x 8m carport provides covered accommodation for two vehicles, enhancing workflow and vehicle protection.With existing tenants keen to remain, purchasers have the opportunity to secure immediate holding income and tenant continuity in a proven automotive location.Positioned centrally with close proximity to Richmond's town centre, retail strip and key transport routes, this is a strategic commercial acquisition combining flexibility, infrastructure and long-term potential.Sold in one line - a versatile opportunity in a high-demand automotive precinct
The size of Richmond is approximately 29.9 square kilometres. There are 19 parks, covering nearly 4.4% of the total area. The population of Richmond in 2016 was 5482 people. By 2021 the population was 5418 showing a population decline of 1.2% 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 $1800 - $2399 per month on mortgage repayments. In general, people in Richmond work in a professional occupation.In 2021, 51.50% of the homes in Richmond were owner-occupied compared with 51.20% in 2016.
Richmond has 3,145 properties. Over the last 5 years, Houses in Richmond have seen a 37.29% increase in median value, while Units have seen a 44.31% increase. As at 30 June 2026:
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