Stonebridge Property Group is pleased to present for sale 282-284 Burnley Street, Richmond.

The property comprises the following on a freehold title:

• 2 freehold shops ready to be occupied and/or re-let
• Rear block of 2 x 1-bedroom whole floor apartments, both recently refurbished with car parking

The landholding is in the heart of Richmond’s dynamic mixed-use precinct, noting the immediate access to Melbourne’s most attractive inner-city homes and retail amenities.  

Key highlights of the property include:

Freehold Shops

• Comprise a connected and open-plan retail opportunity that can be either continued as a conjoined offering or separated back into 2 individual shops
• Both provide rear access to Stafford Street as well as bathroom amenities
• Direct frontage to Burnley Street, which includes exposure to 11,200 passing vehicles daily**

Rear Block of Flats

• Comprise 2 x 1-bedroom dwellings which have recently been refurbished
• 2 x rear car parks, which are highly valuable in this precinct of Richmond
• Separate gas and electricity meters  

Property Highlights

• Combined substantial landholding of 319 sqm* with significant scope for development upside via approved residential permit
• Expansive frontage of 10.4 m* to Burnley Street allows clever ground floor retail activation currently or any future development
• 2 rear dwellings are underpinned by an extremely low residential vacancy rate in Richmond, which has increased by 17% in the past 12 months, with an average vacancy rate timeframe of 16 days and 4,713 renters currently interested in Richmond^
• Join Richmond’s dynamic mix-use precinct, ideal for graphic designers, marketing agencies, architects, builders, developers, sound studios, family offices, engineers, plus more
• Ultra-connected location with an 88 out of 100 walk score, noting just 10 minutes via train to Melbourne CBD and 8 minutes via tram
• Providing holding income via rear dwellings

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

* Approximate 
** Source: vicroadsopendata
^ Source: realestate.com