360 Victoria Street Richmond VIC 3121

Building Area: 120 sqm (approx)
Land Area: 150 sqm (approx)

Located in the heart of Richmond (Victoria Gardens End), this prime property offers a fantastic opportunity for investors or future owner-occupiers.

Key Features:

Ground floor shop
1st floor dwelling with separate access
Excellent Rear access via Wells Street for added convenience
Secure lease in place providing consistent rental income
Ideal investment with the potential for future owner occupancy

Lease Details:
Term: 7 Years (Commencing 17/07/2019)
Rent: $45,210.66 per annum (as at 17/07/2025)
Increases: 3% yearly
Further Term: 4-Year option

Outgoings paid by tenant estimated at:
Council Rates: $2,660 per annum
Water Rates: $1,250 per annum

Take advantage of this fantastic opportunity to secure a well-located property with a reliable tenant and strong rental return. With an increasing rent schedule and a further term option, this property is a sound long-term investment or Lease as two separate tenancies.