the facts

384 & 386
BRIDGE ROAD

richmond

Sold 384 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!

Commercial Real Estate Market Average TCI Difference TCI Result The Pros The Cons The Challenges The Reveal The Facts 384 Bridge Road

THE PROS

  • Security of tenant investment – recently renewed lease extension to a tenant who has been on Bridge Road for 14 years
  • Interest rates at all time historic lows
  • Located on the best part of Bridge Road, in between all the lifestyle and food tenants
  • Ground floor presents well in comparison to other Bridge Road shops
Commercial Real Estate Market Average TCI Difference TCI Result The Pros The Cons The Challenges The Reveal The Facts 384 Bridge Road
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 
Commercial Real Estate Market Average TCI Difference TCI Result The Pros The Cons The Challenges The Reveal The Facts 384 Bridge Road
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

  • Despite the well presentation on the ground floor – the first floor is in need of renovation works
  • The first floor shower and toilet are located half way up the staircase
  • The price in comparison to the return
  • The price in comparison to the land rate

THE CHALLENGES

  • 384 Bridge Road was being marketed for sale individually
  • The price was the restricting factor, combined with the uncertainty in the market caused by Covid lockdowns
  • Two offers were received in total – one at $900,000 and the other, required an acquisition of the neighboring property at 386 Bridge Road, as it was made by an adjoining owner
  •  We approached the owner for 386 Bridge Road to see if they were interested in selling
Commercial Real Estate Market Average TCI Difference TCI Result The Pros The Cons The Challenges The Reveal The Facts 384 Bridge Road
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 
Commercial Real Estate Market Average TCI Difference TCI Result The Pros The Cons The Challenges The Reveal The Facts 384 Bridge Road
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

  • After a period of around 4 months on market, TCI sold both properties for $1,250,000 and $1,425,000 respectively
  • Market expectation was circa a $1,100,000 for each respectively 
  • Final result being 22% above market expectations

the facts

MARKET AVERAGE LISTING

-2
k

HITS

0
k

HITS

0
x

higher

Campaign performance

No Data Found

thousand (k)

No Data Found

No Data Found

thousand (k)

VIEWS
ENGAGEMENTS

No Data Found

SAVE & SHARE
ENQUIRIES

market average

384 Bridge Road

384 Bridge Road

sold 384 bridge road

sold 384 bridge road

sold 384 bridge road

sold 384 bridge road

sold 384 bridge road

sold 384 bridge road

sold 384 bridge road

sold 384 bridge road

sold 384 bridge road

sold 384 bridge road