Stonebridge Property Group is pleased to present for sale 21 David Street, Richmond.
21 David Street is a single title warehouse/office fully leased to an international tenant through a brand-new 5-year lease term.
The property is within Bridge Road’s retail and dining precinct and only 120 m* to Victoria Gardens Shopping Centre.
The key highlights of the property include:
- Fully leased to August Digital Marketing, a longstanding international tenant with offices in Melbourne, Sydney, Brisbane, Manchester, and Toronto.
- August Digital Marketing has secured a brand-new 5-year lease term, which commenced on 15 Oct 2023 with 1 x 5-year option
- Annual rental income with a fixed annual rental increase of 2.5%
- Significant 425 sqm* mixed-use zoned landholding providing for a range of future development potential options
- Refurbished 560 sqm* building with significant depreciation
- Strategically located in a vibrant area, with a short walk to Bridge Road's retail and dining precinct, Victoria Gardens Shopping Centre (120 m*), and tram networks to the CBD (600 m*)
To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Dylan Kilner
0459 396 341
Max Warren
0488 296 892
Chao Zhang ??
0411 625 068
Rorey James
0439 400 081
* Approximate
Property Code: 815