162a-164 Victoria Street
Richmond, VIC 3121

This commercial property at 162A-164 Victoria Street, Richmond, offers a versatile investment opportunity in a prime city fringe location. The two-level freehold building features laneway access with a side roller door entrance, providing convenient loading and unloading options.

The property comprises a dominant double-fronted retail shop situated on a substantial land holding of approximately 605 square meters. The building area totals 848 square meters, offering ample space for various commercial uses.

Located within a vibrant retail strip, the area is known for its diverse mix of restaurants, fresh food outlets, and service-related businesses, attracting significant foot traffic. Key nearby occupants include major retailers such as Woolworths and Aldi, enhancing the commercial appeal of the location.

Currently leased to a well-established Asian grocery store, the property presents potential for owner occupation, redevelopment, or continued investment. Zoned Commercial 1, the site benefits from a developable height limit of up to 24 meters, subject to planning approval, allowing for future development possibilities.

Accessibility is a key advantage, with proximity to multiple public transport options including tram services along Victoria Street and a short walk to North Richmond Train Station. The location is also poised for growth with the nearby Gurner $800 million mixed-use project, which will include 500 apartments and a retail village, further enhancing the area's vibrancy and demand.

This property represents a rare opportunity to acquire a significant retail asset in a thriving and evolving precinct, suitable for a range of commercial and investment strategies.