162A-164 Victoria Street, Richmond, VIC 3121 | Property Value & History | OnTheHouse
 
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162A-164 Victoria Street
Richmond VIC 3121

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 605m2
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Property Details for 162a-164 Victoria St, Richmond

Building Type
Commercial
Land Size
605m2
Local Government
Yarra
Lot/Plan
1/TP388210

Last Listing description (November 2023)

Fitzroys are delighted to offer 162A-164 Victoria Street, Richmond for sale.

Key attributes of the offering include:

- Two level freehold with laneway access to a side roller door entrance point.

- Dominant double fronted shop sitting on a large land holding of 605sqm*.
- Prime city fringe location within a buzzing retail strip that contains numerous restaurants, fresh food offerings and service-related businesses.
- Key occupants include Woolworths and Aldi.
- Currently leased to well established Asian grocery store 'Chan Phat'.
- Potential to occupy, develop or invest. Commercial 1 zoning with a developable height limit of up to 24 metres (STPA).
- Proximity to all modes of public transport including tram services along Victoria Street and a short walk to North Richmond Train Station.
- Surging location with Gurner's upcoming $800 million mixed use project (500 apartments plus retail village) nearby.

For further information or an inspection, please contact Fitzroys selling agents, Shane Mills or David Bourke.

*Approx.

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Property History for 162a-164 Victoria St, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Transferred
20 Jun 2007
  • 22 Sep 2023
    Listed for Sale Contact Agent
  • 20 Jun 2007
    Transferred
  • 30 Jun 1994
    Sold for $870,000
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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 22,685 properties. Over the last 5 years, Houses in Richmond have seen a -0.76% decrease in median value, while Units have seen a -0.86% decrease. As at 30 April 2026:

  • The median value for Houses in Richmond is $1,435,356 while the median value for Units is $636,503.
  • Houses have a median rent of $875 while Units have a median rent of $600.
There are currently 71 properties listed for sale, and 73 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 1060 properties were sold in the past 12 months in Richmond.

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