109 Bridge RoadRichmond VIC 3121
Property Details for 109 Bridge Rd, Richmond
Last Listing description (November 2023)
Lemon Baxter is pleased to offer 109 Bridge Road, Richmond via on-site auction on Friday 8th December 2023 at 12pm. This is a fantastic investment opportunity with a securely leased property in the heart of Richmond.
Property details
| Tenant: Ms Peachy Juice bar
| Building Area: 130m*
| Land Area: 123m*
| Lease Term: 5 years with 5 year options
| Rear Access and Car Parking
The tenant, Ms Peachy Juice bar, has signed a lease with a term of 5 years, plus an additional 5-year option, returning net annual income of approximately $32,448 + GST. This was leased during COVID, huge upside!
The property offers the convenience of rear access and car parking. Situated on the Northern side near Epworth Hospital, this location experiences high foot traffic and is well-positioned for success.
The property's prime location and excellent long-term development potential make it an ideal addition to any investment portfolio.
For further information or to book a private inspection, please contact the exclusive selling agents at Lemon Baxter.
Property History for 109 Bridge Rd, Richmond, VIC 3121
- 08 Dec 2023Sold for $906,000
- 09 Nov 2023Listed for Sale Contact Agent
- 04 Feb 2021Listed for Rent - Price not available
Recent sales nearby
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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 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 22,713 properties. Over the last 5 years, Houses in Richmond have seen a 6.03% increase in median value, while Units have seen a 2.54% increase. As at 31 March 2026:
- The median value for Houses in Richmond is $1,487,516 while the median value for Units is $648,918.
- Houses have a median rent of $855 while Units have a median rent of $600.
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