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Rooney & Rose, 28-34 Rooney Street, Richmond, VIC, 3121

Development Potential
DETAILS
Richmond’s Best Hidden Secret
  • 1,200sqm* land area
  • Fully leased to secure tenant
  • Flexible Mixed Use zoning

Colliers is pleased to present ‘Rooney & Rose’, 28-34 Rooney Street, Richmond, for sale via Expressions of Interest closing Wednesday 17 November 2021 at 2pm (AEDT).

Located on the park side of the bustling Church Street, Cremorne precinct ‘Rooney & Rose’ is Richmond’s best hidden gem. Positioned in one of Australia’s most in demand and strongest performing office markets, ‘Rooney & Rose’ presents an opportunity to secure a piece of this thriving Richmond precinct.

Securely leased to True Alliance, the property provides strong and secure income with significant upside in future development opportunity.

A quaint location that is underpinned by all the key fundamentals, ‘Rooney & Rose’ is a character-rich asset that is quintessential Richmond.

Key features are below:

  • Fully leased to a strong and secure tenant, with expiry of the current term in May 2025 with a further 5 year option term available thereafter. Net passing income of $489,243 per annum* excl. GST
  • Flexible Mixed Use zoning allows flexible development outcomes on the site, including premium residential and/or future commercial redevelopment
  • Scarce 1,200 sqm* land area within the tightly held precinct of Richmond in a quaint and quiet backstreet location close to Barkly Gardens
  • Excellent view lines over Barkly Gardens and back towards the Melbourne CBD skyline
  • Easy access to Burnley Train Station and within walking distance to East Richmond Train Station and prime retail, restaurants and café culture along Swan and Church Streets in Richmond
  • The property is perfectly positioned between Richmond’s two most highly sought-after commercial precincts of Church Street/Cremorne and Burnley (Botanica Business Park)

For further information, please contact the exclusive selling agents at Colliers.

Jozef Dickinson
0402 678 888

Trent Hobart
0433 196 452

Peter Bremner
0412 326 942

Michael Gardiner
0404 441 122

Outlines indicative.

*approximately

Remember to mention you found this property on DevelopmentReady.com.au

DEVELOPMENT SITE SUMMARY
EOI:
EOI:
Closing Wednesday 17 November at 2pm
Property Area
AREA:
1200 m² (*approx)
Property Type
TYPE:
Commercial, Residential, Mixed Use,
Development Potential
DEVELOPMENT APPROVAL:
Richmond’s Best Hidden Secret

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Rooney & Rose, 28-34 Rooney Street, Richmond, VIC, 3121

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