Log In/Sign Up
Your email has been sent.
188 Victoria St 1,938 SF 100% Leased Retail Building Richmond, VIC 3121 $827,529 ($427.11/SF)
Investment Highlights
- Secure long-term lease to established Gong Cha franchise (5 x 5 years).
- Ground-floor retail area of approx. 140 m² plus two-car garage and rear lane access.
- Located in a high-traffic retail and hospitality precinct with strong surrounding amenities.
- Current rental income of $45,600 per annum plus GST and outgoings, with annual increases.
- Additional unrenovated first-floor area of approx. 40 m² with value-add potential.
Executive Summary
188 Victoria Street presents an exceptional opportunity to acquire a tenanted retail property with strong investment fundamentals and future development potential. Currently leased to Gong Cha on a secure 5 x 5-year term, the property generates $45,600 per annum plus GST and outgoings, with annual rental increases.
The property’s prime location in Richmond’s thriving hospitality and retail precinct ensures consistent foot traffic and exposure. With a ground-floor retail area of approximately 140 m², a two-car garage, and an additional 40 m² first-floor space, the property offers scope for value-add initiatives such as residential conversion or commercial activation (STCA).
This combination of stable income, strategic location, and redevelopment potential makes 188 Victoria Street a compelling investment for buyers seeking both security and growth in Melbourne’s inner-city market.
The property’s prime location in Richmond’s thriving hospitality and retail precinct ensures consistent foot traffic and exposure. With a ground-floor retail area of approximately 140 m², a two-car garage, and an additional 40 m² first-floor space, the property offers scope for value-add initiatives such as residential conversion or commercial activation (STCA).
This combination of stable income, strategic location, and redevelopment potential makes 188 Victoria Street a compelling investment for buyers seeking both security and growth in Melbourne’s inner-city market.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
1,938 SF
Building Class
C
Price
$827,529
Price Per SF
$427.11
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.02
Lot Size
0.04 AC
Parking
2 Spaces (1.03 Spaces per 1,000 SF Leased)
Frontage
14’ on Victoria Street
Amenities
- Air Conditioning
1 1
Nearby Major Retailers
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
BigginScott Richmond
188 Victoria St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.