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Overview
Situated in Richmond's vibrant and highly sought-after precinct, this property offers a rare and flexible commercial/residential opportunity. Its prime Lennox Street location guarantees exceptional visibility and strong street presence, ideal for businesses or mixed-use occupiers seeking exposure and convenience.
Encompassing approximately 145 square metres of main space complemented by an additional versatile 70 square metres, the adaptable floorplan supports a diverse range of uses such as creative studios, consulting rooms, or storage facilities, pending council approval. The generous total floor area of 187 square metres provides ample scope for customization to suit evolving operational or lifestyle needs.
Positioned amid a lively neighbourhood bustling with cafes, boutique retailers, and established enterprises, this property benefits from substantial pedestrian and vehicle traffic. Accessibility is enhanced by proximity to major thoroughfares including Victoria Street and Bridge Road, as well as efficient public transport links and easy access to Melbourne CBD.
This opportunity appeals to owner-occupiers desiring a distinctive inner-city location, investors targeting a premium asset with high exposure, or businesses expanding into a dynamic commercial environment. The property's blend of generous space, strategic position, and flexible usage scenarios encapsulate the essence of a blue-chip Richmond offering.
- Approximate 145 m² main commercial/residential space
- Additional 70 m² adaptable area ideal for office, studio or storage
- Flexible layout accommodates a broad range of business and residential applications (subject to approval)
- Prominent Lennox Street frontage with excellent exposure
- High pedestrian footfall and vehicle traffic capturing a lively market
- Close to vibrant local amenities including cafes, restaurants, and boutiques
- Conveniently located for access to Victoria Street, Bridge Road, public transit, and Melbourne CBD
This property represents an exceptional prospect for those aiming to secure a versatile, high-profile asset in one of Melbourne's most desired inner-city areas.
Local Market Insights
In Richmond, Quiet Listings observed 38 new apartments entering the market over the last 30 days, up from 13 during the previous 30-day period, with an average advertised asking price of $644,132. The property type mix of listed properties is predominantly Apartments at 42%, followed by houses (28%), and commercial properties (18%). Jellis Craig was the most active agency in this area, representing 42.5% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Richmond VIC 3121
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 187 m² |
Market Insights for Richmond VIC 3121
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