Richmond Landmark for Sale | 24-28 River Street Richmond

Lemon Baxter, in conjunction with TCI, is pleased to present 24–28 River Street, Richmond for sale — a securely leased inner-city industrial investment occupying a prominent corner position at River Street and Blazey Street.

The property comprises a large-format showroom, retail and warehouse facility fully leased to Tradelink Pty Ltd. The lease expires on 30 April 2028, with a further five-year option, and generates a current passing net income of $308,015.83 per annum plus GST, subject to annual CPI rent reviews.

Key highlights include:
– Current passing net income of $308,015.83 per annum plus GST
– Fully leased to national occupier Tradelink Pty Ltd- Fully leased to national occupier Tradelink Pty Ltd
– Original lease commenced in 1998 – creating a continued tenancy of 30 years at end of current term
– Lease secured until 30 April 2028, plus a further five-year option
– Lease subject to Landlord’s 24 Month Notice to Quit
– Annual CPI rent reviews
– Net lease structure, with the tenant responsible for recoverable outgoings including Land Tax
– Substantial 1,867m²* corner landholding across two titles
– Approximately 30.55 m* frontage to River Street and 61.27 m* to Blazey Street
– Industrial 1 Zone under the Yarra Planning Scheme
– Strategic inner-Richmond position with convenient access to the Melbourne CBD and major arterial connections

In conjunction with Lemon Baxter

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