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Expressions Of Interest Closing Saturday 14th June at 5:00pm (Unless Sold Prior)
Set in one of Richmond’s most connected and tightly held pockets, this rare 342 sqm (approx.) dual-access allotment offers income, upside and unmatched flexibility. Whether you’re a developer, investor, or owner-occupier, this is an opportunity to secure a strategic inner-city holding with multiple value pathways.
At the front of the block sits a charming three-bedroom Victorian-style residence leased at $795 per week, providing immediate cashflow and the potential for future renovation. At the rear, and recently leased at $300 per week, a separate 127 sqm (approx.) parcel (with street access via Little Kent Street) comes with a planning permit approved for two modern, architecturally designed townhouses: one 3-bedroom and one 2-bedroom, each with garages and north-facing outdoor spaces.
Surrounded by quality new builds and lifestyle amenity, this site is only moments to Bridge Road, Swan Street, Victoria Gardens Shopping Centre, Citizens Park, trams, trains and the CBD. With booming demand for turnkey homes and limited new supply, this is a rare find that blends short-term returns with long-term growth.
Key Highlights:
• Total land: 342sqm (approx.)
• Front home leased: $795pw
• Permit-approved rear development for 2 x townhomes
• Dual frontage via Kent Street & Little Kent Street
• Walk to cafes, shops, transport & the MCG
Build, lease, live or landbank – this is Richmond versatility at its best.
Remember to mention you found this property on DevelopmentReady
Expressions Of Interest Closing Saturday 14th June at 5:00pm (Unless Sold Prior)
Set in one of Richmond’s most connected and tightly held pockets, this rare 342 sqm (approx.) dual-access allotment offers income, upside and unmatched flexibility. Whether you’re a developer, investor, or owner-occupier, this is an opportunity to secure a strategic inner-city holding with multiple value pathways.
At the front of the block sits a charming three-bedroom Victorian-style residence leased at $795 per week, providing immediate cashflow and the potential for future renovation. At the rear, and recently leased at $300 per week, a separate 127 sqm (approx.) parcel (with street access via Little Kent Street) comes with a planning permit approved for two modern, architecturally designed townhouses: one 3-bedroom and one 2-bedroom, each with garages and north-facing outdoor spaces.
Surrounded by quality new builds and lifestyle amenity, this site is only moments to Bridge Road, Swan Street, Victoria Gardens Shopping Centre, Citizens Park, trams, trains and the CBD. With booming demand for turnkey homes and limited new supply, this is a rare find that blends short-term returns with long-term growth.
Key Highlights:
• Total land: 342sqm (approx.)
• Front home leased: $795pw
• Permit-approved rear development for 2 x townhomes
• Dual frontage via Kent Street & Little Kent Street
• Walk to cafes, shops, transport & the MCG
Build, lease, live or landbank – this is Richmond versatility at its best.
Remember to mention you found this property on DevelopmentReady
Developments and amenities within a 5km radius of the asset.
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