56-58 Victoria StreetRichmond VIC 3121
Property Details for 56-58 Victoria St, Richmond
Last Listing description (February 2011)
Business for Sale - Delicious Korean Restaurant in Great Location
Located in prime position on a well-known Victorian Street!
Very busy foot traffic zone next of train station, supermarket, surrounded by residential homes including apartments and busy Asian groceries and cafes/restaurants.
* Takings: $10,000pw
* Rent: $6,570pm
* Long lease 17 years
* No opposition in its surrounding
* Great exposure with an enormous double frontage
* Large floor space (over 200m2) with magnificent traditional/modern decor setup
* Polished timber floor, bar, new coffee machine, high ceiling, air-conditioning.
* Large commercial kitchen with full set up with multiple wok station included
* Walk-in cool room
* Seats 90
* Full Liquor License
* A solid customer base and a wide variety of customers
* Excellent opportunity for changing any Asian Food due to locating Great Position or
* Great Espresso Bar!
* EXCELLENT PROFITS
* Inspection will impress!
Call Kim 0413 678 294 for an inspection
Property History for 56-58 Victoria St, Richmond, VIC 3121
- 23 Feb 2011Listed for Sale $275,000
- 26 Aug 1998Sold for $405,000
- 26 Aug 1998Sold for $405,000
Recent sales nearby
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About Richmond 3121
The size of Richmond is approximately 4.4 square kilometres. There are 20 parks, covering nearly 4.9% of the 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 22,783 properties. Over the last 5 years, Houses in Richmond have seen a -6.21% decrease in median value, while Units have seen a 0.51% increase. As at 30 June 2026:
- The median value for Houses in Richmond is $1,428,567 while the median value for Units is $652,166.
- Houses have a median rent of $895 while Units have a median rent of $600.
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