Site/37A Bridge Street Richmond TAS 7025

Knight Frank is delighted to offer this centrally located, mixed use property, in the main street of Richmond. The property currently consists of two commercial tenancies and has a development approval (DA) for five additional retail outlets and three apartments.

Situated on the main thoroughfare of Richmond, a charming town about 20 kilometres from the Hobart CBD and incorporates the Coal River Valley wine region. The town is rich in history and architecture, benefits from local visitations and is a thriving tourist destination.

The current building (which remains) is separated into two retail shops providing a net income before owners outgoings of $36,047* p.a.

The passing income from the two shops provides a great holding income whilst the remainder of the property is developed by an astute investor/developer.

The property is for sale via expressions of interest closing Thursday 27 October 2022 at 4pm (AEDT).