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120-128 Murphy Street, Richmond

The ultimate land banking & development opportunity in Melbourne's city-fringe
  • Land Area:
    4,926 m2
  • Floor Area:
    3,895 m2
  • Whole or Part of Building:
    Whole Building
  • Tenancy:
    Tenanted Investment
  • Income:
    $1,050,000.00 + GST
  • Frontage:
    106 m
  • 4,926sqm* landholding in Richmond’s thriving commercial & retail precinct
  • For sale in-one-line or in seperate parts:
    – Part 1 – 915sqm*
    – Part 2 – 3,406sqm*
    – Part 3 – 605sqm*
  • Dual street frontage to Murphy and Palmer Street totaling 106m*
  • Recent permit approval for 9 levels on Murphy Street setting precedent for the location
  • Substantial commercial improvements of 3,895sqm* with current net rental of $1,050,000 p.a*
  • Development concept for a nine-level office building (STPA)
  • Ideal city-fringe position approximately 60m* to Bridge Road shops, cafes & restaurants
  • Major Shopping Centre, Victoria Gardens, only 500m* featuring IKEA, Coles, Kmart & many more national retailers
  • Only nine minutes* to the Melbourne CBD via direct tram access along Bridge Road
  • A ‘Walk Score’ of 91/100 highly attractive for potential future tenants (walkscore.com)
  • Richmond’s 10-year population growth forecast of 27% is double the Victorian average, which will drive demand for more office space in the future

FOR SALE VIA INTERNATIONAL EXPRESSIONS OF INTEREST CLOSING THURSDAY 9TH MAY AT 2.00PM (AEST)

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