A rare opportunity to secure a versatile retail shop and dwelling in one of Melbourne's most tightly held inner-east commercial precincts, complete with a liquor licence and 55 patrons overall capacity.Positioned in the heart of Richmond just moments from the bustling intersection of Church Street and Bridge Road, this property offers outstanding exposure, flexibility, and long-term value for both investors and owner-occupiers.Building area: 129 sqm* (Ground Floor 80sqm and First Floor 49 sqm approx)Land area: 185 sqm* (6.10m x 30.48m*) Retail shop with open plan layout Separate first floor dwelling Private courtyard On-site parking Rear access Prime position near Church Street & Bridge Road intersection Close to Richmond retail and hospitality precincts Short distance to the CBD Surrounded by strong local businesses, cafs, and established residential catchments A standout opportunity in a high-demand location with strong upside potential.Outgoings estimated at: Council Rates - $3,800 per annumWater Rates - $1,250 per annum
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 22,792 properties. Over the last 5 years, Houses in Richmond have seen a -10.28% decrease in median value, while Units have seen a -0.25% decrease. As at 31 July 2026:
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