455-457 Bridge Road, Richmond, VIC 3121 | Property Value & History | OnTheHouse
 
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455-457 Bridge Road
Richmond VIC 3121

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 163m2
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Property Details for 455-457 Bridge Rd, Richmond

Building Type
Commercial
Land Size
163m2
Local Government
Yarra
Lot/Plan
1/LP27653

Last Listing description (May 2022)

Opportunity to acquire a long term securely leased investment with a National Tenant.

This well exposed property is situated within an active retail strip close to a number of transport options, Citylink access and Melbourne's CBD


Features:

Land area 333 sqm app
Building area 390 sqm app
Two street Frontage with rear RSD access
Current rental $92,742.00 per annum plus GST and Outgoings
Lease term Five (5) years commencing on the 1st of May 2021
Options Two (2) further terms of five (5) years each
Kitchen & Toilet Amenities
Boardroom on the mezzanine floor

For further information to arrange an inspection, please contact the agents directly.

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Property History for 455-457 Bridge Rd, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$2,900,000
05 May 2022
Listed for Rent
$1.63k/w
18 Apr 2016
  • 05 May 2022
    Sold for $2,900,000
  • 20 Apr 2022
    Listed for Sale Contact Agent
  • 16 Dec 2015
    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 22,565 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.
There are currently 53 properties listed for sale, and 44 properties listed for rent in Richmond on OnTheHouse. According to Cotality's data, 990 properties were sold in the past 12 months in Richmond.

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