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280 Burnley Street

Richmond VIC 3121

3
1
2
House
Currently for sale - view listing

Overview

DUAL-INCOME RICHMOND OPPORTUNITY WITH VACANT RETAIL FLEXIBILITY

Expressions Of Interest Closing Tuesday 23rd June @ 12pm Located within the heart of Richmond’s thriving commercial and lifestyle precinct, this well-presented mixed-use freehold offers secure income with long-term upside. Comprising a tenanted ground floor retail premises and leased residential apartment to the rear, the property is ideally suited to investors seeking a flexible city-fringe asset. - Commercial/residential title - Ground floor retail shop leased until February 2027 with further option for renewal receiving $27, 715 per annum plus GST. - Rear residential unit securely tenanted until February 2027, receiving $530 per week / $27, 635 per annum. - Strong mixed-use investment with diversified income streams - Rear roller-door access and on-site parking provisions - Excellent natural light throughout - Future value-add and development potential (STCA) - No Owners Corporation - Surrounded by renowned cafes, restaurants, retail amenity and public transport - Walking distance to Burnley railway station and Swan Street tram services 278 & 280 Burnley Street are available for sale individually, presenting a rare opportunity to secure adjoining mixed-use freeholds in one of Melbourne’s premier inner-city locations. 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.

Features

3 bedrooms
1 bathroom
2 carspaces
2 garage spaces
House

Happy sellers in Richmond

91%
91% of sellers in Richmond reported that their sale price either exceeded or met their price expectations.

Richmond stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 29 reviews in Richmond over the last 12 months.

Local market activity for 3 bedroom houses in Richmond

In the last 12 months, 130 three-bedroom houses similar to 280 Burnley Street, have been sold.

This represents a 5% increase in three-bedroom houses sales when compared to the previous 12 months.

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