the facts

30-32
HULL STREET

RICHMOND

Leased 30-32 Hull Street Richmond TCI - An in depth look behind the scenes of the campaign. We'll explain the pros, the cons, the challenges & the reveal!

The Facts 30-32 Hull Street Richmond TCI Lease Leased

THE PROS

  • Renovated free standing warehouse/office
  • Partitioned and open plan offices
  • Located in Richmond with limited supply of warehouses
  • Polished concrete floor in warehouse
  • Attractive outdoor terrace
The Facts 30-32 Hull Street Richmond TCI Lease Leased
TCI Commercial Real Estate For Sale For Lease Sold Leased The Facts Property Management Richmond Real Estate Cremorne Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate 
The Facts 30-32 Hull Street Richmond TCI Lease Leased
TCI Commercial Real Estate For Sale For Lease Sold Leased The Facts Property Management Richmond Real Estate Cremorne Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate 

THE CONS

  • No car parking
  • Limited natural light to open plan office area
  • Partitioned offices had non-transparent plastic sheeting – glass would have been preferred for light and sound proofing
  • Office flooring was sealed plywood sub-floor

THE CHALLENGES

  • The property was a combined warehouse and office. No car parking poses a challenge in leasing offices in particular
  • To overcome this, the property was marketed with 4 internal car parking spaces (tandem), with the option to also park in the nearby Richmond Traders Shopping Centre
The Facts 30-32 Hull Street Richmond TCI Lease Leased
TCI Commercial Real Estate For Sale For Lease Sold Leased The Facts Property Management Richmond Real Estate Cremorne Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate 
The Facts 30-32 Hull Street Richmond TCI Lease Leased
TCI Commercial Real Estate For Sale For Lease Sold Leased The Facts Property Management Richmond Real Estate Cremorne Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate 

THE REVEAL

  • Within 11 weeks, TCI leased the property at the asking rent of $118,000 per annum + GST
  • The tenant being Urban Rest – a multi-national premium serviced apartment operator
  • Final result being 2.64 times quicker than market average

the facts

market average

0

DAYS on market

0

days on market

0
.64

TIMES QUICKER

Campaign performance

No Data Found

DAYS ON MARKET

No Data Found

DAYS ON MARKET

market EXPECTATION

Leased 30-32 Hull Street

Leased 30-32 Hull Street

Leased 30-32 Hull Street

Leased 30-32 Hull Street

Leased 30-32 Hull Street

Leased 30-32 Hull Street

Leased 30-32 Hull Street

Leased 30-32 Hull Street

Leased 30-32 Hull Street

Leased 30-32 Hull Street