314-316 Bridge RoadRichmond VIC 3121
Property Details for 314-316 Bridge Rd, Richmond
Last Listing description (August 2025)
Located in the very popular suburb of Richmond this Bridge Road shop is surround by businesses and many high-density homes. The double ground floor space is currently occupied by a successful tenant, "St James Café/Restaurant" and provides a good return to the current investor.
In recent years there has been an influx of businesses and families opting for the convenience of living within walking distance or at most, a short tram ride to their place of work. With the high number of residence and office workers in the area there has been an increased patronage of the local eateries and shops boosting the economy of the suburb.
Current monthly return $8263.10 +GST
+4% April increase will be $8593.62 + GST ($113435.82pa inc. GST)
RICHMOND
Richmond and surrounding inner city suburbs are considered high density population suburbs mixed with office buildings & light industries. These suburbs are well serviced by both trams and trains providing good access to Melbourne CBD, schools and Universities enhancing their appeal to a large portion of the population.
Link to Street view of 314-316 Bridge Road Richmond
https://www.google.com/maps/@-37.818883,145.001929,3a,75y,203.37h,90t/data=!3m6!1e1!3m4!1sMdF2Qs2b4xITDXj4x5ohmg!2e0!7i16384!8i8192?entry=ttu
Property History for 314-316 Bridge Rd, Richmond, VIC 3121
- 04 Apr 2025Listed for Sale P.O.A.
- 20 Feb 2024Listed for Sale P.O.A.
- 17 Oct 2013Sold for $1,900,000
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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 22,566 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.
Suburb Insights for Richmond 3121
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