178 Bridge RoadRichmond VIC 3121
Property Details for 178 Bridge Rd, Richmond
Last Listing description (June 2016)
We Have All Heard The Stories About Bridge Road... High Vacancies & Declining Rents. These Stories Have Been Run Verbatim By The Press, With A Level Of Sensationalism That Bordered Beyond Propaganda. While The Basis For These Claims Were True - There Have Been Higher Vacancies & Lower Rentals... That Was The Past & We Live In The Present. Bridge Road Has Sharply Reduced It's Vacancy Rate. Quality Lifestyle & Retail Tenants Have Come Into The Street Offering Points of Difference. Developers Are Now Fighting Hand Over Fist To Secure Their Site On Bridge Road's 'Development Hill'. The Revitalisation Of Bridge Road Is Here Today & We Invite You To Join!
There Is No Better Location On Bridge Road Than This. With All The Forthcoming Developments, There Is No Doubt That Bridge Road's 'Development Hill' Is Become Bridge Road's Best Location - With Hundreds Upon Hundreds Of Brand New Apartments Built Within This Precinct Between Judd Street & Bosisto Street. Little Projects Development @ 153 - 177 Bridge Road. Citiplan's Richmond Place Development @ 183 - 189 Bridge Road & Longriver Property's Newbridge @ 203 Bridge Road Richmond.
While All Of The Shops On 'Development Hill' Will Be Brand New, They Will Be Less Desired Than Those Opposite It. The South Side Of The Street Has Always Been Highly Preferred For It's Direct All Day Sunlight - It Was Coined The 'Sunny Side' Of The Street For A Reason. Historically Retailers Had Preference For South Side Over The North & There Is No Reason Why History Won't Repeat Itself.
178 Bridge Road. Leased to Bariano Group Pty Ltd. Rent $74,255.50pa + og's + gst. Term 5 x 5 From September 2013. Land 158sqm*.
180 Bridge Road. Offered With Vacant Possession. Land Area 274sqm. Building 170sqm*.
Offered For Sale By Negotiation.
Please Contact Agent For Further Details.
*Approx.
Property History for 178 Bridge Rd, Richmond, VIC 3121
- 13 Aug 2016Sold for $1,500,000
- 10 Dec 2015Listed for Sale Please Contact Agent
- 01 Aug 2015Listed for Sale Not Disclosed
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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 22,714 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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