53-55 North Street, RICHMOND VIC 3121 SOLD

Gorman Allard Shelton is pleased to offer this outstanding opportunity to acquire a well-presented office/warehouse, situated within one of Melbourne’s most tightly held and fastest growing mixed-use locations.

For sale by way of public auction on Wednesday 24th May 2023 at 12 noon on-site.

Key property features include:

* Land area: 377 sqm (approx.)
* Build area: 378 sqm (approx.) including mezzanine
* Offered with vacant possession - Occupy, Invest or Develop (STCA)
* Excellent on-site parking and roller door access
* Easy access to public transport (Bridge Road/Victoria Street tram lines & Burnley Train Station) and major arterial routes such as Bridge Road, Burnley Street, M1 Freeway.
* The area continues to attract some of Melbourne’s most highly regarded food and beverage tenancies including, Mountain Goat Brewery, Fox Friday Brewery, Veneziano Coffee, Mile End Bagels, Phillippa’s Bakery and many more.
* The area is bordered by Bridge Road, Richmond’s premier retail and hospitality strip and Victoria Garden’s Shopping Centre.

The location is underpinned by significant developments under construction or in planning including:

* $900-million Vicinity/Salta redevelopment of Richmond’s only real shopping mall “Victoria Gardens”
* $800-million Gurner development comprising 500 apartments, plus a retail village and mixed-use precinct with 9,000 sqm of commercial space
* MAB’s Yarraberg office development comprising 5,500 sqm of office space (50% already sold)