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188 Victoria Street, Richmond

Private Sale $1.2m

176 m2

SECURE TENANTED ASSET WITH VALUE-ADD POTENTIAL


Positioned in the heart of vibrant Victoria Street, surrounded by bustling cafes, restaurants, and eateries, this recently refurbished retail shop is currently tenanted by the well-known Gong Cha tea franchise. Offered via Private Sale, this property presents a strong investment with future upside.

Property Highlights:
• Secure long-term lease: 5 x 5 years with established tenant
• Rental Income: $45,600 + GST + Outgoings per annum (with annual increases)
• Zoning: Commercial 1 (C1Z)
• Ground floor retail area of approx. 140m² + 2-car garage
• Additional unrenovated first-floor area of approx. 40m²
• Land size: 4.2m x 42.5m (approx. 176m²) with rear lane access
• Value-add potential: renovate upstairs for residence or commercial use (STCA)

Future Upside – First Floor
• Opportunity to renovate and activate the upper level (STCA)
• Ideal for residential conversion, office, or studio use
• Potential to increase rental income or suit owner-occupier
For more information or inspection please get in touch.

Conditions of entry - IDENTIFICATION and contact number required, otherwise entry may be refused.

The information about this property has been supplied to us by the property owner, while we have no cause to doubt its accuracy, we provide no guarantee. We cannot attest to the functionality of any fixtures, fittings or inclusions to the property. Land and apartment dimensions and floor/site plans are supplied by third parties. Typing mistakes, omissions, transposing can occur, we provide to assist but make no representation. Buyers must carry out their own due diligence.

Details

Address 188 Victoria Street, Richmond
Price Private Sale $1.2m
Property Type Commercial
Property ID 9112
Category Retail
Land Area 176 m2

Location

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Allan Cove

0411 528 615

BigginScott Richmond
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