40 Victoria Street, RICHMOND
Vibrant & Versatile Commercial Opportunity
A huge volume of passing traffic, crowds of pedestrians plus regular public transport ensure maximum exposure for this commercial site located just metres from the bustling Hoddle Street junction. Taking pride of place within a vibrant restaurant district, the potential-loaded street-front is tucked between two established businesses and enjoys the convenience of a pedestrian crossing right outside. Within easy reach of Fitzroy Gardens and the CBD, it is also just a walk from the pulse of Melbourne’s famous sporting precinct.
On 366sqm of land (approx) and providing 240sqm (approx) of retail/restaurant space, adaptable upstairs function & office zones along with onsite parking for 6 cars, there is also scope for a commercial kitchen plus cool rooms, bathroom facilities and storage areas.
Offering a potential rental yield of $57,500 pa, the Commercial Zone 1 property is a versatile proposition for those looking for a premium site for a new venture or a sought-after investment opportunity.