447 Church StreetRichmond VIC 3121
Property Details for 447 Church St, Richmond
Last Listing description (July 2016)
THIS OFFERING PROVIDES AN EXCITING OPPORTUNITY TO ACQUIRE A LONG TERM INVESTMENT WITH A BLUE CHIP TENANT IN THE HEART OF MELBOURNE'S TIGHTLY HELD HOSPITALITY MARKET.#FREEHOLD INVESTMENT IS SECURED BY A LONG TERM LEASE TO DIXON HOSPITALITY, WITH A MAXIMUM TENURE TO 30 JUNE, 2049. PASSING RENTAL INCREASES TO $346,112 PER ANNUM PLUS GST ON 1 JULY, 2016.#ANNUAL RENTAL INCREASES OF 4% WITH REVIEWS TO MARKET OCCURRING AT THE COMMENCEMENT OF EACH OPTION PERIOD.#PROMINENT CORNER ALLOTMENT OF 485 SQUARE METRES (APPROX.), WITH 17.42 METRE FRONTAGE TO BUSY CHURCH STREET.#THE LEASE REQUIRES THE TENANT TO SPEND A FURTHER $1,835,000 UPGRADING THE VENUE, WITH BOTH PARTIES AGREEING TO WORKS STARTING NO LATER THAT 30 JUNE, 2017 AND TO BE FINISHED NO LATER THAN 30 JUNE, 2019. WE NOTE A MARKET REVIEW IS TO FOLLOW IN 2024.
Property History for 447 Church St, Richmond, VIC 3121
- 14 Aug 2024Sold for $9,000,000
- 11 Jul 2016Listed for Sale Not Disclosed
- 11 May 2016Listed for Sale Not Disclosed
Recent sales nearby
See more recent sales nearby/assets/perm/rmghb6tewei6zd7kv72iuqgxrq?signature=d705e53d35d673477df5c822f52c32edcf9a8e8ed9f2e4b848b4262c5039d25f){kind=logo}
0/assets/perm/iwqyryllvii63b6y77ykbsh74i?signature=bdf9885ef07bb938c4651d944e6118e9ffdf97607722e1545a0cac4d8439fa24){kind=logo}
0/assets/perm/wqcfbiqi64i65f3gggtfv5jrbu?signature=4191abad1ae2d2a226c27d020f9d6c61793adf20f5fa4f5ebb4b5d08efb61d64){kind=logo}
0Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
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 22,565 properties. Over the last 5 years, Houses in Richmond have seen a 13.46% increase in median value, while Units have seen a 6.96% increase. As at 31 January 2026:
- The median value for Houses in Richmond is $1,506,089 while the median value for Units is $655,807.
- Houses have a median rent of $750 while Units have a median rent of $600.
Suburb Insights for Richmond 3121
Market Insights
Richmond Trends for Houses
N/A
N/A
View TrendN/A
N/A
Richmond Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
