496 Bridge Road, Richmond, VIC 3121 | Property Value & History | OnTheHouse
OFF MARKET

496 Bridge Road
Richmond VIC 3121

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 50m2
Land area: 264m2
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Property Details for 496 Bridge Rd, Richmond

Building Type
Commercial
Floor Size
50m2
Land Size
264m2
Local Government
Yarra
Lot/Plan
1/LP26611

Last Listing description (September 2023)

Jones Real Estate is privileged to offer for your consideration 496 Bridge Road, Richmond for Lease.

This exceptional corner retail opportunity is poised for new beginnings, presented to the market for the first time in over 26 years. Equipped with highly desirable corner prominence, the asset presents itself with unapparelled exposure to Melbourne's historic Bridge Road precinct.

Further underpinning the asset, Bridge Road is home to a plethora of major national retail operators including McDonald's, Dan Murphy's, ANZ, IGA, Barbeques Galore, Harvey Norman, Repco & Reece Plumbing. Additionally, the asset is blessed with key fundamental amenity drivers, immersed within Richmond's medium too high-density residential living & multiple new developments earmarked for the area.

Key features of this elegant and historic corner opportunity include:

- Outstanding corner retail positioned on the corner of Bridge Road & Burnley Street, offering exceptional vehicle & pedestrian traffic.

- Bespoke offering of 244sqm* on one of Melbourne's most prominent & established retail precincts providing two street frontages, 8m* to Bridge Road and 31m* to Burnley Street.

- Lined with windows throughout, high clearance vaulted ceilings with line board finishes, providing maximum natural light.

- Male and female bathroom amenity.

- Surrounded by AAA Major National Retailers (Dan Murphy's, McDonald's, Officeworks and Harvey Norman), underpinning the asset as a destination retail precinct.

- Seamless positioning allowing for multiple public transportation options including Richmond Train Station, Burnley Train Station, & the numbers 48 and 75 tram routes.

- Property is zoned Commercial 1 Zone - C1Z.

*Approx.

For further information or to schedule a private inspection of the opportunity, please contact the exclusive leasing agents.

Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.

Property History for 496 Bridge Rd, Richmond, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$452,500
01 Aug 1998
Listed for Rent
$80k/w
22 Sep 2023
  • 04 May 2023
    Listed for Rent - Price not available
  • 04 Jan 2022
    Listed for Rent - Price not available
  • 24 Sep 2019
    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.

Suburb Insights for Richmond 3121

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

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.