128A Bridge Road, Richmond, VIC 3121 | Property Value & History | OnTheHouse
 
OFF MARKET

128A Bridge Road
Richmond VIC 3121

Bedrooms: -
Bathrooms: -
Car spaces: 3
Floor area: 130m2
Land area: 204m2
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Property Details for 128a Bridge Rd, Richmond

Building Type
Commercial
Floor Size
130m2
Land Size
204m2
Local Government
Yarra
Lot/Plan
1/PS410836

Last Listing description (February 2019)

Auction:
Wednesday 12 December 2018 at 1pm on-site.

Teska Carson is pleased to offer for sale 128A Bridge Road, Richmond, a boutique ground floor retail tenancy within Melbourne s most desirable lifestyle precinct.

Perfectly positioned in the western pocket of Richmond, tenants enjoy direct access to the immediate amenity, Swan Street, Bridge Road, Melbourne CBD, The MCG and Yarra River. Featuring a brand new lease, this represents a unique opportunity to secure a flexible commercial property.
Key investment highlights include:
Ground floor retail premises of 113m2 with prime position in the ever-popular Richmond
Net annual income of $30,000 per annum with scope for rental growth
Within close proximity to the Epworth Hospital and set amongst a multitude of national retailers including Coles, ANZ, Bank of Melbourne, Living Edge and Vodafone.
Please call for further information or to arrange an inspection.

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Property History for 128a Bridge Rd, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$500,000
12 Dec 2018
  • 12 Dec 2018
    Sold for $500,000
  • 16 Nov 2018
    Listed for Sale Contact Agent
  • 30 Jul 1997
    Sold for $450,000
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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 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 22,565 properties. Over the last 5 years, Houses in Richmond have seen a 10.41% increase in median value, while Units have seen a 5.11% increase. As at 31 December 2025:

  • The median value for Houses in Richmond is $1,507,396 while the median value for Units is $649,076.
  • Houses have a median rent of $750 while Units have a median rent of $600.
There are currently 53 properties listed for sale, and 45 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 992 properties were sold in the past 12 months in Richmond.

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