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Site, 37A Bridge Street, Richmond, TAS 7025

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Site, 37A Bridge Street, Richmond, TAS 7025

Site, 37A Bridge Street, Richmond, TAS 7025

Properties / Buy / Tasmania / Richmond
Development Potential

1. Property Summary

Property Type
Commercial
Sub Type
Office, Retail/Shopping Centre
Land Area
940 m² (*approx)
Zoning
Central Business
Local Government
Clarence City
Selling Method
Sale by Negotiation: For Sale by Expressions of Interest, offers over $1,000,000
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2. Property Highlights

Development approved site with holding income
  • Development Apporoved
  • Zoning: General Business
  • Demand for residential dwellings

Knight Frank is delighted to offer this centrally located, mixed use property, in the main street of Richmond. The property currently consists of two commercial tenancies and has a development approval (DA) for five additional retail outlets and three apartments.

Situated on the main thoroughfare of Richmond, a charming town about 20 kilometres from the Hobart CBD and incorporates the Coal River Valley wine region. The town is rich in history and architecture, benefits from local visitations and is a thriving tourist destination.

The current building (which remains) is separated into two retail shops providing a ​net income before owners outgoings of $36,047* p.a.

The passing income from the two shops provides a great holding income whilst the remainder of the property is developed by an astute investor/developer.

The property is for sale via expressions of interest closing Thursday 27 October 2022 at 4pm (AEDT).

Remember to mention you found this property on DevelopmentReady

Read More

1. Property Summary

Property Type
Commercial
Sub-type
Office, Retail/Shopping Centre
Land Area
940 m² (*approx)
Central Business
Local Government
Clarence City
Selling method
Sale by Negotiation: For Sale by Expressions of Interest, offers over $1,000,000

2. Property Highlights

Development approved site with holding income
  • Development Apporoved
  • Zoning: General Business
  • Demand for residential dwellings

Knight Frank is delighted to offer this centrally located, mixed use property, in the main street of Richmond. The property currently consists of two commercial tenancies and has a development approval (DA) for five additional retail outlets and three apartments.

Situated on the main thoroughfare of Richmond, a charming town about 20 kilometres from the Hobart CBD and incorporates the Coal River Valley wine region. The town is rich in history and architecture, benefits from local visitations and is a thriving tourist destination.

The current building (which remains) is separated into two retail shops providing a ​net income before owners outgoings of $36,047* p.a.

The passing income from the two shops provides a great holding income whilst the remainder of the property is developed by an astute investor/developer.

The property is for sale via expressions of interest closing Thursday 27 October 2022 at 4pm (AEDT).

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential

3. Property Location

Site, 37A Bridge Street, Richmond, TAS 7025

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4. Due Diligence

Site Report Available

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Report Contains

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
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