302 Queen Street is a strategically located retail complex within Richmond’s principal commercial precinct.
This well-established retail investment presents a rare opportunity to secure a prime asset in the rapidly growing Richmond catchment. Positioned prominently within a thriving commercial location, the property benefits from a strong tenant profile, with long-standing and well-established occupiers providing stability and consistent income.
Modern, well-maintained, and seismically strengthened assets of this calibre are increasingly difficult to find. Fully leased and underpinned by quality tenants, this investment offers both immediate security and future upside.
Adding further appeal is the property's development potential, creating opportunities for value enhancement in the future. Combined with the continued success and growth ambitions of the existing retail tenants, this truly is an investment gem not to be missed.
Highlights:
- Returning $320,425.00 +GST per annum
- Over 6.1% net yield
- Two separate tenancy areas
- Approximately 1283 sqm total building area
- Top grade IEP rating 67%+
- Solid growth forecast for Richmond retail
- Prime Queen Street CBD Richmond
- Double frontage to busy roads
- On site parking + substantial public carpark
- Development opportunity
For sale at asking price of $5,200,000 (+GST if any)
For further information or to arrange a viewing, contact Geoff Faulkner or Brad Allam today.
*boundary lines are indicative | land and floor areas are approx. only
