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162A-164 Victoria St 9,128 SF Retail Building Richmond, VIC 3121 For Sale
Investment Highlights
- Substantial 605 m² land allotment with double street frontage in a prime Richmond retail corridor.
- Leased to established grocery retailer providing secure short- to medium-term income.
- Exceptional public transport connectivity via tram and train services.
- Two-story freehold building with side roller door access via laneway.
- Outstanding retail position near Woolworths, Aldi, and multiple food and service operators.
- Located near Gurner’s $800 million mixed-use project comprising 500 apartments and retail village.
Executive Summary
Fitzroys presents a rare opportunity to acquire a prominent freehold property in one of Melbourne’s most vibrant city fringe retail destinations. Located at 162A-164 Victoria Street, Richmond, this substantial double-fronted property spans a generous landholding of approximately 605 m², offering excellent flexibility for investors, developers, and future owner-occupiers alike.
The asset comprises a two-level building featuring dual street exposure and convenient laneway access to a side roller door. Currently leased to the well-regarded operator Chan Phat Asian Grocery, the property provides holding income while unlocking long-term redevelopment potential under its Commercial 1 zoning with an allowable height of up to 24 metres (STPA).
Situated in a thriving retail strip anchored by national brands such as Woolworths and Aldi and surrounded by popular eateries and specialty stores, the location continues to experience rapid growth, bolstered by major nearby projects including Gurner’s $800 million mixed-use development. Excellent access to public transport is assured via tram routes along Victoria Street and a short walk to North Richmond Station. Combining scale, income, and development upside, this offering is a standout opportunity in Melbourne’s dynamic inner east market.
The asset comprises a two-level building featuring dual street exposure and convenient laneway access to a side roller door. Currently leased to the well-regarded operator Chan Phat Asian Grocery, the property provides holding income while unlocking long-term redevelopment potential under its Commercial 1 zoning with an allowable height of up to 24 metres (STPA).
Situated in a thriving retail strip anchored by national brands such as Woolworths and Aldi and surrounded by popular eateries and specialty stores, the location continues to experience rapid growth, bolstered by major nearby projects including Gurner’s $800 million mixed-use development. Excellent access to public transport is assured via tram routes along Victoria Street and a short walk to North Richmond Station. Combining scale, income, and development upside, this offering is a standout opportunity in Melbourne’s dynamic inner east market.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
9,128 SF
Building Class
C
Tenancy
Single
Building Height
2 Stories
Building FAR
1.40
Lot Size
0.15 AC
Nearby Major Retailers
1 of 8
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Fitzroys
162A-164 Victoria St
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