374 Bridge Road Richmond VIC 3121

A rare opportunity to acquire this high-exposure freehold property in the thriving Bridge Road retail and lifestyle precinct.

Positioned in one of Melbourne's most dynamic commercial hubs next to the Spread Eagle Hotel on the corner of Coppin Street.

This two-level building ideal as an investment or suitable for owner occupiers offers strong income from two separate tenants and future value-add potential, and unparalleled accessibility.

Key Features:

Two tenancies on separate Leases:

Ground floor retail (Hairdressing Salon) available for occupation in June 2025.

First-floor (Remedial Myotherapist)

Total building area: 180 sqm approx. (Ground Floor: 95 sqm | First Floor: 85 sqm)

Land area: 176.5 sqm approx. (6.09m x 28.95m approx.)

Current combined rental: $56,772.24 per annum plus outgoings plus GST

Ground floor tenancy: $36,054.12 per annum plus outgoings plus GST (tenant vacating 06/06/2025)

First-floor tenancy: $20,718.12 per annum plus outgoings plus GST long-term tenant in place since 2012, lease expires 28/02/2027 with no further options

Ground Floor: Double Fronted open-plan retail space with expansive glass frontage, kitchenette, bathroom/shower, Heating/Cooling

First-floor: Separate Entry, 4 large rooms, Hallway, Kitchenette, Bathroom, Heating & cooling throughout (suitable for residence if required)

Rear access & on-site parking

High foot traffic location surrounded by renowned cafés, restaurants, and boutique retailers

Neighbouring businesses include Spread Eagle Hotel, Chemist Warehouse, Richmond Traders Coles, McDonald's, Repco, Carpet Call, BOQ, Reece Plumbing and specialty fashion stores

Tram stops at your doorstep (Routes 48 & 75), offering direct CBD access

Easy connectivity to Swan Street and Melbourne's Sporting Precincts (MCG, Aami Park & Rod Laver Arena).

Ideal for investors, owner-occupiers or a mixture of both. Occupy one and collect rent from the other!