Shoes Make Way for Shampoo in Richmond

A hairdressing tenant eyeing future development in Melbourne’s popular Bridge Road precinct has secured retail space in Richmond. Gorman Commercial’s Tom Maule negotiated the five-year deal for 234 Bridge Road, Richmond. The net annual rental for the 181 sqm property, formerly home to shoe retailer Wittner, is $40,000 pa. Tom Maule said, “The deal was a clever play from a tenant looking at the future of Bridge Road. A number of properties had been leased in April. With pandemic restrictions being eased, we anticipate inquiry levels will increase as will tenant demand.”