Located in the very popular suburb of Richmond this Bridge Road shop is surround by businesses and many high-density homes. The double ground floor space is currently occupied by a successful tenant, "St James Café/Restaurant" and provides a good return to the current investor.
In recent years there has been an influx of businesses and families opting for the convenience of living within walking distance or at most, a short tram ride to their place of work. With the high number of residence and office workers in the area there has been an increased patronage of the local eateries and shops boosting the economy of the suburb.
Please contact Theresa Huynh on 0450 551 959 for further information.
Current monthly return $8263.10 +GST
+4% April increase will be $8593.62 + GST ($113435.82pa inc. GST)
RICHMOND
Richmond and surrounding inner city suburbs are considered high density population suburbs mixed with office buildings & light industries. These suburbs are well serviced by both trams and trains providing good access to Melbourne CBD, schools and Universities enhancing their appeal to a large portion of the population.
Link to Street view of 314-316 Bridge Road Richmond
https://www.google.com/maps/@-37.818883,145.001929,3a,75y,203.37h,90t/data=!3m6!1e1!3m4!1sMdF2Qs2b4xITDXj4x5ohmg!2e0!7i16384!8i8192?entry=ttu