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Site, 37A Bridge Street, Richmond, TAS 7025

Name: Site, 37A Bridge Street, Richmond, TAS 7025
Address: Site, 37A Bridge Street , TAS, Richmond, TAS, 7025
Telephone: +61 418 136 086

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+12 Photos

+14 Photos

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

General 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