298 Bridge RoadRichmond VIC 3121
Property Details for 298 Bridge Rd, Richmond
Last Listing description (January 2014)
THE MAGIC DUMPLING INVESTMENT with UPSIDE!! GOOD FORTUNE AWAITS!!
The hottest freestanding city-edge investment with upside.
One only needs to pop in for lunch or dinner to appreciate this superb investment and quality tenant in their stunning well thought fit-out, excellent food and cult following of loyal and repeat customers who flock to this restaurant to savour the dumplings this licensed restaurant is famous for.
The building occupies the entire site of 203sqm* and there is also a mezzanine level at the rear of 47sqm*.
Good fortune awaits with an excellent return on your investment and further upside development potential to upper floors (STCA) with rear laneway access.
Private sale at $1,360,000.
*Approx.
Property History for 298 Bridge Rd, Richmond, VIC 3121
- 03 Dec 2013Sold for $1,500,000
- 08 Nov 2013Listed for Sale FOR SALE @ $1,360,000
- 12 Oct 2007Listed for Sale 50000
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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.
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