5 West Market Street, Richmond

1,559 sqm
Sold on 12th September 2023

Sold for Undisclosed

Central Commercial Property with Parking

Combining stability, functionality, and realised investment potential, this 2,764 square metre commercial offering features a spectacular open-plan warehouse property and a sealed car park with 31 allocated spaces on title, including 2 disabled parking spaces.

A blue chip tenant currently occupies the 1,559 square metre warehouse facility under a 5 year lease that commenced in September 2021, plus a 5 year extension option, giving the astute buyer assurance that a steady income stream would continue.

Positioned within the heart of Richmond's commercial precinct, the property boasts excellent connectivity to Richmond Mall and the main services strip of Windsor Street, making it an unrivalled epicentre for business and commerce.

Ideally suited for small to medium scale retail premises, as it is currently utilised, the E2 Commercial Centre zoning could also suit a host of business uses, including artisan food and drink industries, childcare premises, medical centres, or recreation facilities (STCA).

The building also includes new ducted air conditioners and an interior mezzanine level with offices, storage spaces, and restroom facilities. Get ready to take advantage of this exceptional opportunity at the peak of commercial expertise.

Features: - 2,764 square metre commercial property in a central location - 1,559 square metre open plan and flexible warehouse space - Sealed car park with 31 allocated spaces, including 2 with disabled parking - Current retail tenant on 5 year lease with 5 year option (commenced Sep 2021) - Prime location in Richmond's bustling commercial precinct - Excellent connectivity to Richmond Mall and Windsor Street services - E2 Commercial Centre zoning allows for various business uses (STCA) - Upgraded with new ducted air conditioners - Interior mezzanine level with offices, storage, and restrooms - Information Memorandum available upon request

Contact your friendly Cutcliffe agent today for more information or to arrange an inspection.


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