394 Bridge Road, Richmond, VIC 3121 | Property Value & History | OnTheHouse
 
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394 Bridge Road
Richmond VIC 3121

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 273m2
Land area: 265m2
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Property Details for 394 Bridge Rd, Richmond

Building Type
Commercial
Floor Size
273m2
Land Size
265m2
Local Government
Yarra
Lot/Plan
1/LP115193

Last Listing description (May 2019)

396 Bridge Road is located on the southern side of Bridge Road between Burnley Street and Coppin Street and is approximately 3km from the CBD within the municipality of City of Yarra. Bridge Road is a major arterial road well serviced by public transport and is within walking distance of most Melbourne's sporting and entertainment precinct and within an area undergoing a major high-density development.
The property is extremely well located within close proximity of renowned restaurants such as Lady Boy, No 18 Ramen, Richmond and Mayday Coffee.
With the rapid emergence of apartments and mixed-use developments on and around Bridge Road, this precinct is undergoing a massive shift from traditional small retail clothing boutiques towards service based and lifestyle businesses such as restaurants and cafes to service the growing number of residents. GormanKelly is pleased to offer a freehold double story Victorian Terrace 100% occupied with new lease in the heart of inner city Richmond

We believe the most outstanding aspects of this property include:
Standalone double storey building of 267m2 with ground floor retail area of 195m2 plus first floor office of 72m2
New vibrant restaurant/bar Humulus opening soon
Significant land holding of 325m2 approx with rear street access
Commercial 1 Zoning
New 4 year lease commencing June 2018 plus a further option of 4 years
Annual rental increases of 4%
3 months rent bank guarantee and personal guarantees
Wide retail frontage with dual entrances
Huge rear yard capable of accommodating 4 to 6 cars
Returning $100,000 pa net plus GST
Outgoings paid by the tenant
Positioned amongst some of Richmond's best restaurants and cafes
Great location close to all Richmond s attractions, public transport at doorstep

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Property History for 394 Bridge Rd, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$1,000,000
28 Oct 2003
Listed for Rent
$1.82k/w
04 Jul 2014
  • 25 Jan 2018
    Listed for Sale Not Disclosed
  • 03 Jul 2017
    Listed for Sale Not Disclosed
  • 30 Jan 2014
    Listed for Rent - Price not available
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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 22,564 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.
There are currently 53 properties listed for sale, and 38 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 989 properties were sold in the past 12 months in Richmond.

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