37-41 Bridge RoadRichmond VIC 3121
Property Details for 37-41 Bridge Rd, Richmond
Last Listing description (November 2023)
Lemon Baxter in conjuction with Stonebridge is please to present 37-43 Bridge Road, Richmond.
37-43 Bridge Road resides in a proven residential and commercial development market and is within walking distance of some of Melborne's finest lifestyle amenity.
Only 1.5km* from the Melbourne CBD and exceptional public transport access via West Richmond and Richmond Train Station and trams along Bridge Road, provides the property with unmatched property exposure.
Property highlights:
| Trophy 976sqm* Richmond building of 8 spacious apartments and 3 prime retail shops
| 100% Leased investment providing $388,271 of diverse annual income
| Untapped potential to subdivide and sell separately - capitalise on surging residential demand
| Walking distance to globally acclaimed amenity including the MCG, Melbourne Park and the Melbourne CBD
| Strategic Commercial 1 Zone landholding spanning 520sqm* with rear access and on-site parking
| Direct access to public transport including trams, Jolimont, Richmond and West Richmond Station
For further information, please contact Lemon Baxter.
*Approximately
Property History for 37-41 Bridge Rd, Richmond, VIC 3121
- 13 Oct 2023Listed for Sale Contact Agent
- 31 Jan 2014Listed for Sale Contact agent for details
Recent sales nearby
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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 22,564 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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