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the facts

442
BRIDGE ROAD

RICHMOND

Leased 442 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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The Facts 442 Bridge Road Richmond TCI Lease Leased

THE PROS

  • Free-standing single level building with signage exposure
  • Largely open-plan
  • Attractive terrace style awning
  • Inviting high ceiling
  • Located opposite Harvey Norman
The Facts 442 Bridge Road 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 442 Bridge Road 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
  • Fit-out was outdated and required renovations
The Facts 442 Bridge Road Richmond TCI Lease Leased
The Facts 442 Bridge Road Richmond TCI Lease Leased
The Facts 442 Bridge Road Richmond TCI Lease Leased
The Facts 442 Bridge Road Richmond TCI Lease Leased
The Facts 442 Bridge Road Richmond TCI Lease Leased
The Facts 442 Bridge Road Richmond TCI Lease Leased
The Facts 442 Bridge Road Richmond TCI Lease Leased

THE CHALLENGES

  • General market negative sentiment associated to Bridge Road leasing
  • To overcome this, our marketing campaign promoted this particular section of Bridge Road as being the “tried, tested and proven” section of Bridge Road, with neighbouring national anchor tenants being evidence of this
  • Within 5 weeks of launching the marketing campaign, TCI secured a signed offer at the asking rent, with formal lease documents to be prepared
  • 4 days prior to lease commencement, a news article was published on the demise of Bridge Road. This resulted in the tenant having ‘cold feet’ and withdrawing their offer citing the said article
The Facts 442 Bridge Road 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 442 Bridge Road 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

  • TCI secured another 2 signed offers within a further 2 weeks, with one offer being at the asking rent, giving the Landlord the option of their preferred tenant
  • The Landlord preferred the offer from the tenant which was below the asking rent and TCI successfully negotiated for the preferred tenant to pay the asking rent of $35,000 per annum + outgoings + GST
  • The tenant being a Pharmacy
  • Final result being 3.67 times quicker than market average

the facts

market average

0

DAYS on market

  • RESULT
0

days on market

  • difference
0
.67

TIMES QUICKER

Campaign performance

No Data Found

DAYS ON MARKET

No Data Found

DAYS ON MARKET

market EXPECTATION

  • RESULT

Leased 442 Bridge Road

Leased 442 Bridge Road

Leased 442 Bridge Road

Leased 442 Bridge Road

Leased 442 Bridge Road

Leased 442 Bridge Road

Leased 442 Bridge Road

Leased 442 Bridge Road

Leased 442 Bridge Road

Leased 442 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.

© 2025 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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