the facts

185
BRIDGE ROAD

RICHMOND

Sold 185 Bridge Road Richmond TCI - An in depth look behind the scenes of the campaign. We'll explain the pros, the cons, the challenges and the reveal!

THE PROS

‘New’ construction building with completion in 2017
Full fit out completed in 2022
Located within Bridge Road’s Medical Precinct
Securely Leased to Orthotics Plus
The property is a strata title with high return in comparison to a free standing title

THE CONS

Conversely, as a strata title there will be lower growth in comparison to a free standing title
Shared amenities with other shops within the development

THE CHALLENGES

The rental took into consideration the fit out and some potential purchasers flagged this for being an above market rental
Given this, we elaborated on the security of future medical use in the precinct and the zone’s expansion over time – as well as confirming the fit out added rental income potential compared to a typical retail shop

THE REVEAL

TCI sold the property for $915,000 off market through our database in one day
Market expectation was 75 days at that time
Final result being 7,500% quicker than market average

the facts

market expectation

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DAYS

RESULT

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DAY

difference

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%

QUICKER

Campaign performance

DAYS ON MARKET

TIME

market average

RESULT

the facts

185
BRIDGE ROAD

RICHMOND

THE PROS

THE CONS

THE CHALLENGES

THE REVEAL

the facts

market expectation

DAYS

DAY

QUICKER

Campaign performance

DAYS ON MARKET

DAYS ON MARKET

TIME

market average

Contact

Address

Phone

Email

Menu

Social

the facts

185BRIDGE ROAD

RICHMOND

THE PROS

THE CONS

THE CHALLENGES

THE REVEAL

the facts

market expectation

DAYS

DAY

QUICKER

Campaign performance

DAYS ON MARKET

DAYS ON MARKET

TIME

market average

Contact

Address

Phone

Email

Menu

Social

185
BRIDGE ROAD