172 Burnley Street, Richmond, Vic 3121

Looking for a profitable investment in a thriving location? Look no further! We are thrilled to present this exceptional property in the heart of Richmond, offering an incredible opportunity for savvy investors.

Property Features:

Current Use: Bar (Hydrant Bar)
Lease: Long-term lease in place (3 years)
Further Terms: One further term of three (3) years 
Commencement Date: 01/08/2025
Rental Income: $25,572 per annum
Yearly Increases: 3%

Tenant pays outgoings estimated as follows:
Council Rates: $1,400 per annum
Water Rates: $1,000 per annum
Owners Corporation Fees: $1,800 per annum

Zoning: Commercial 1

Investment Highlights:

High Yield: Enjoy a lucrative return on investment with a steady income stream of $25,572 per annum.

Secure Lease: The property benefits from a long-term lease agreement spanning three (3) years, providing stability and consistent rental income.

Established Tenant: The property is currently leased as the popular Hydrant Bar, ensuring a reliable tenant and continued cash flow.

Desirable Location: Situated in the bustling suburb of Richmond, renowned for its vibrant atmosphere, trendy eateries, and popular entertainment venues.

Property Details:

This recently renovated well-maintained property with high ceilings & disabled toilet (private on title) within Isola apartments complex on the corner of Burnley ST & Palmer ST just back from Bridge Road offers a cozy and intimate setting for the Hydrant Bar. With its manageable size, the property presents an attractive investment opportunity with minimal overheads.

General Liquor licence in place for sales on & off the premises. 

Don't miss out on this exceptional investment! Whether you are a seasoned investor or a first-time buyer, this property offers a promising venture with stable returns and potential for future growth.