the facts

466
BRIDGE ROAD

RICHMOND

Leased 466 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!

The Facts 466 Bridge Road Richmond TCI Lease Leased

THE PROS

  • Fully renovated two level shop and dwelling
  • Separate entrances
  • Frameless glass shop front
  • Contrast exposed brick walls
  • Polished timber floor boards
  • On-site car parking space
The Facts 466 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 466 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

  • Solid walls dividing retail area into sections

THE CHALLENGES

  • General market negative sentiment associated to Bridge Road leasing
  • Our goal was to secure a single commercial lease for the entire building, rather than two separate commercial and residential leases for each floor, where outgoings would not be recoverable under a residential lease
  • Securing a separate residential lease would be much easier than a single commercial lease for the entire building
The Facts 466 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 466 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

  • Within 5 weeks, TCI leased the entire building on a single commercial lease at the asking rent of $70,000 per annum + outgoings + GST or $368/m2 net on an initial 5 year term with no incentive provided to the tenant
  • Final result being 5.73 times quicker than market average

the facts

market average

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DAYS on market

0

days on market

0
.73

TIMES QUICKER

Campaign performance

No Data Found

DAYS ON MARKET

No Data Found

DAYS ON MARKET

market EXPECTATION

Leased 466 Bridge Road

Leased 466 Bridge Road

Leased 466 Bridge Road

Leased 466 Bridge Road

Leased 466 Bridge Road

Leased 466 Bridge Road

Leased 466 Bridge Road

Leased 466 Bridge Road

Leased 466 Bridge Road

Leased 466 Bridge Road