43-45 North Street, Richmond, Vic 3121

Gorman Commercial is pleased to offer 43-45 North Street, Richmond for sale by Expression of Interest closing Wednesday 29 May at 2pm. 

Offered for the first time in over 30 years, this outstanding corner parcel of land with functional warehouse improvements is ripe for future development, refurbishment or occupation for any creative business.

Key property features include:

* Land area: 510 sqm
* Building area: 564 sqm
* Functional corner warehouse/office with excellent potential
* Fantastic future occupier or development opportunity
* Two street frontages to North Street & Vaughan Street – combined total frontage of 47+ metres
* Current rental of $82,282.50 pa net + GST with future rental uplift
* Located within one of Melbourne city fringe's most tightly held commercial precincts
* On-site parking and two roller door access points

Within easy walking distance to Victoria Gardens Shopping Centre, Bridge Road and many cool breweries, distilleries and coffee roasters. This unique precinct continues to attract some of Melbourne’s most highly regarded food & beverage occupiers including Mountain Goat Brewery, Fox Friday Brewery, Brogan's Way Gin Distillery, Veneziano Coffee Roasters, Mile End Bagels, Phillippa’s Bakery & many more.

The area is underpinned by significant developments under construction or in planning such as:

* $900-million proposed expansion by Vicinity/Salta of Richmond’s only Sub-Regional Shopping Centre “Victoria Gardens”
* $800-million proposed Gurner re-development of the Harry The Hirer site comprising 500 apartments, plus a retail village and mixed-use precinct with 9,000 sqm of commercial space
* MAB’s Yarraberg office development nearing completion comprising 5,500 sqm of office space