Potential for future development up to 18 metres#
GrayJohnson is pleased to offer for private sale this attractive commercial freehold securely leased to an advertising and design agency.
The property is located just 50 metres* from the most popular stretch of Richmond’s busy Swan Street, in an area increasingly sought after by creative businesses.
The striking contemporary interior features lofty ceilings, polished timber floors and painted brick walls. Skylights flood the space with natural light.
The split-level building is currently configured as open plan workspace, plus a board room, meeting room, management offices and modern entrance foyer.
With a brand new 6-year lease in place, the property is returning $191,705 pa net + GST^ with annual reviews of 3.75%, making it a first-class addition to any property portfolio.
> Smart, split-level creative office
> Building area 370 sqm*
> Land Area: 175 sqm*
> Returning $191,705 pa net + GST^ with annual reviews of 3.75%
> Bank Guarantee: 4 months’ rental + GST
> Board room, meeting room, management offices and modern entrance foyer
> Ample natural light
> Fully refurbished converted warehouse
> Zoned Commercial 1
• Just 50 metres* from busy Swan Street
• Close to trendy eateries including Gelato Messina, Grill’d, Untitled, Feast of Merit.
• Brand new Coles supermarket nearby
• 13 minutes* to the city via Swan Street tram
• 2-minute* walk to East Richmond station
• 8-minute* walk to Richmond station
• 15-minute* walk to the MCG
^As of Aug 2023