466 Bridge Road
Richmond, VIC 3121

This property represents a prime investment opportunity located on one of Melbourne's most sought-after retail strips, Bridge Road in Richmond. It is a fully transformed freehold that has been extensively renovated, offering a blend of modern aesthetics and strong long-term investment potential.

The property features a modern frameless glass frontage that enhances its street appeal, complemented by beautiful polished timber flooring throughout. Character is added by exposed brick feature walls, creating a unique and inviting atmosphere.

There are separate entrances for the ground-floor retail premises and the upstairs residence, providing functional separation and convenience. The property is currently leased, generating a reliable income of $72,000 per annum plus GST and outgoings, with a lease option of 5 years plus 5 years. The lease includes annual rental increases of 4% and a market review at the option period, ensuring income growth over time.

The land area measures approximately 160 square meters, while the building area is about 190 square meters. Additionally, the property includes onsite parking for one vehicle, a valuable asset in this busy retail precinct.

This investment is ideal for those seeking a passive income with minimal management required, given the property's excellent condition and established tenancy. Its location in a tightly held retail strip further enhances its desirability and potential for capital growth.

Prospective investors are encouraged to conduct their own due diligence and verify all information. The property offers a rare chance to secure a well-presented commercial freehold in a prime location with strong future income prospects.