59-65 Butler StreetRichmond VIC 3121
Property Details for 59-65 Butler St, Richmond
Last Listing description (November 2023)
New Century Real Estate is thrilled to present this versatile property, offering a fantastic opportunity to acquire a property with substantial land holding in this rapidly evolving precinct.
-Strategic Land Offering: 715 sqm
-Building Size: 500 sqm
-Conveniently Positioned in Close Proximity to Hoddle St, Victoria St, Church St & Bridge Rd.
-Combined Street Frontage:25 m
-Four Roller Shutter Doors
-Rare Combination of a City Fringe Warehouse & Vacant Land.
-Close Proximity to Train Station, Victoria St Eateries & Woolworths
-Stable Rent Income: Approximately $100,000 Per Annum Plus Outgoings
-Includes Two Residential Bedrooms
-Zoned Commercial 2.
-Price: $5.28M
This extraordinary warehouse, paired with the adjacent vacant land, offers a winning combination rarely found in such close proximity to Melbourne's CBD. For further details or inspection, please contact David Zhang on 0450 762 833 or email david@ncre.com.au.
Property History for 59-65 Butler St, Richmond, VIC 3121
- 16 May 2022Listed for Sale $5M
- 09 Oct 2017Listed for Sale 5500000
- 03 May 2005Listed for Rent - Price not available
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 22,694 properties. Over the last 5 years, Houses in Richmond have seen a -0.76% decrease in median value, while Units have seen a -0.86% decrease. As at 30 April 2026:
- The median value for Houses in Richmond is $1,435,356 while the median value for Units is $636,503.
- Houses have a median rent of $875 while Units have a median rent of $600.
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