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Richmond warehouse suits all buyers


Teska Carson (9421 7000) is marketing a very well located warehouse in a sought after precinct of Richmond on Melbourne’s CBD fringe. The property will be auctioned on Friday, March 2 at 1pm on site. 

Located at 79 Murphy Street, the property comprises a single level, 240 square metre, double-fronted, brick warehouse, with RSD access and two off-street car spaces. 

The property benefits from two street frontages including Blazey Street at the rear, and is situated just off Burnley Street which provides easy access to Victoria Street, the Victoria Gardens Shopping centre, and Bridge Road. Burnley Street also provides quick access to CityLink and Victoria Street and Bridge Road trams and trains.

The 277 square metre site, which includes 7.9 metres frontage to both Murphy and Blazey streets, is zoned Industrial 1 under the City of Yarra planning scheme. 

According to marketing agents, Teska Carson’s Tom Maule and Matthew Feld, the property would suit a wide range of buyers including owner-occupiers, developers and investors.

``With a short term lease, an ideal, inner city location, and two street frontages, this warehouse offers opportunities for owner-occupiers, as well as developers and investors.

``Richmond has become a very much sought after address for those looking for a location within easy reach of the CBD, at competitive rentals, with both parking and public and private transport access, and within close proximity of Richmond’s popular restaurant and fashion precincts.

``It really ticks a lot of boxes for tenants and hence the attraction not just to owner-occupiers but also to investors and developers,’’ Mr Maule said.   

Mr Feld said astute purchasers could see the very real potential for capital growth and development, subject to council approval.

``This part of Richmond has historically been known as a light industrial precinct but in recent times has seen a major upsurge in popularity with the development of a number of high profile residential developments along Burnley and Victoria streets, as well as the Victorian Gardens Shopping Centre.

``As a result opportunities within the precinct are now hotly contested with owner/tenant vacancies at an all time low,’’ Mr Feld said. 

He said the property’s key attributes included:

•Two street frontages;

•Short term lease;

•CBD fringe location;

•On-site parking; 

•Quick access to Richmond’s popular retail/entertainment precincts; and,

•Private and public transport access.  

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