470 Bridge RoadRichmond VIC 3121
Property Details for 470 Bridge Rd, Richmond
Last Listing description (October 2023)
Teska Carson is pleased to present 470 Bridge Road, Richmond for Private Sale.
Located on a coveted corner location close to massive demand generators such as the MCG sporting precinct and Melbourne CBD. 470 Bridge Road Richmond is an outstanding investment and freehold acquisition opportunity, providing a steady and secure income stream for the next 5 years* and endless upside and potential to unlock considerable operational upside and value.
The leased freehold pub market (particularly in the Melbourne city fringe) is extremely tightly held and highly sought, thus making this a rare chance to grab a trophy asset with untapped value add possibilities.
Investment highlights:
+ Current rental $180,290p.a. plus GST and Outgoings*
+ Highly valuable lease covenant from experienced and award-winning hospitality operators
+ Lease term expiring in 2026 with an additional two-year option
+ Unlock unlimited potential at the end of the lease
+ Land area of 325sqm* with combined street frontage of 42m* and Commercial 1 Zoning
+ Mix of spaces with street-side seating, front bar, dining and covered courtyard, whilst the first floor has separate function areas
+ Well serviced by lifestyle amenity and retail centres such as Bridge Road, Swan Street, Church Street and Victoria Gardens
+ Richmond has a vibrant mix of commercial, retail & residential adding to the growth and desirability of the position
*approx
For more information please contact the listing agents.
Property History for 470 Bridge Rd, Richmond, VIC 3121
- 07 Aug 2023Listed for Sale Contact Agent
- 26 Apr 2023Listed for Sale Contact Agent
- 14 Jul 2007Transferred
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 22,565 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.
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