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the facts

144
bridge road

richmond

Leased 144 Bridge Road Richmond TCI - An in depth look behind the scenes of the campaign. We'll explain the pros, the cons, the challenges & the reveal!

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Lease 144 Bridge Road Richmond Retail Food Commercial Real Estate

THE PROS

  • Existing food premises fit-out
  • Opportunity for new tenant to save on fit-out expenses
  • On the more desired south side of Bridge Road
Lease 144 Bridge Road Richmond Retail Food Commercial Real Estate
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 
Lease 144 Bridge Road Richmond Retail Food Commercial Real Estate
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

  • Fit-out & kitchen were outdated and required renovations
Lease 144 Bridge Road Richmond Retail Hospitality Commercial Real Estate
Lease 144 Bridge Road Richmond Retail Food Commercial Real Estate
Lease 144 Bridge Road Richmond Retail Food Commercial Real Estate
Lease 144 Bridge Road Richmond Retail Food Commercial Real Estate
Lease 144 Bridge Road Richmond Retail Food Commercial Real Estate
Lease 144 Bridge Road Richmond Retail Food Commercial Real Estate
Lease 144 Bridge Road Richmond Retail Food Commercial Real Estate
Lease 144 Bridge Road Richmond Retail Food Commercial Real Estate

THE CHALLENGES

  • The Landlord made no representation on any existing food equipment i.e., if it was not operational or ceased to operate, it would not be repaired or replaced by the Landlord
  • General market negative sentiment associated to Bridge Road leasing, particularly between Bridge Road and Lennox Street where this property was located
Lease 144 Bridge Road Richmond Retail Food Commercial Real Estate
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 
Lease 144 Bridge Road Richmond Retail Food Commercial Real Estate
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

  • TCI secured 3 signed offers on the premises, with one being above the asking rent, giving the Landlord the option of their preferred tenant
  • The property was leased at the asking rent of $49,000 per annum + outgoings + GST on an initial 5 year term
  • Final result being 16% above market average

the facts

market expectation

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  • RESULT
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  • difference
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higher

Campaign performance

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market average

  • RESULT

leased 144 Bridge road

leased 144 Bridge road

leased 144 Bridge road

leased 144 Bridge road

leased 144 Bridge road

leased 144 Bridge road

leased 144 Bridge road

leased 144 Bridge road

leased 144 Bridge road

leased 144 Bridge road

TCI Commercial Real Estate For Sale Sold For Lease Leased Property Management Commercial Real Estate Richmond Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate More views. More enquiry. The best results for you.

Contact

Address

463 Bridge Road,
Richmond 3121

Phone

03 9426 8000

Email

teneketzis@tciproperty.com

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TCI Commercial Real Estate For Sale For Lease Property Management Richmond Real Estate Cremorne Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate More views. More enquiry. The best results for you.
TCI Commercial Real Estate For Sale For Lease Property Management Richmond Real Estate Cremorne Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate More views. More enquiry. The best results for you.
TCI Commercial Real Estate For Sale For Lease Property Management Richmond Real Estate Cremorne Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate More views. More enquiry. The best results for you.

© 2024 TCI Property – All Rights Reserved

all figures and outlines are approximates only

TCI Commercial Real Estate For Sale Sold For Lease Leased Property Management Commercial Real Estate Richmond Real Estate Collingwood Real Estate Fitzroy Real Estate Abbotsford Real Estate More views. More enquiry. The best results for you.
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