The latest research from Richmond Cityscope shows property sales value have increased in the past three months.

Sales recorded in the three months to August 2019 totalled $17.4 million, an increase from the $13.9 million recorded in the three months to May 2019 and decrease from the $18.7 million recorded to February 2019.

This data brings the 12-month total to $145.3 million, a decrease from the $330.2 million recorded for the same time last year.

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Notable sales in the August 2019 update of Richmond Cityscope include:

  • 619-623 Bridge Road, Richmond
    A two level former warehouse building used as a showroom and a workshop to the rear on a block of 415 sqm, which was sold for $4.4 million;
  • 94 Balmain Street, Cremorne
    A single-storey brick commercial/industrial building on a 236 sqm block, which was sold for approximately $3.2 million and
  • 365 Bridge Road, Richmond
    A single-level brick retail building with parking for 1 car on rear paved land and roller door access to the road, which was sold for $2.185 million.
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Properties listed as for sale in the August 2019 of Richmond Cityscope include:

  • 488-490 Swan Street, Richmond
    A single-storey brick commercial building with a loading dock and a paved area for parking six vehicles, has a building area of 935 sqm on a 1,229 sqm block, is for sale through Gray Johnson;
  • 255-259 Bridge Road, Richmond
    A late-Victorian 2-storey building, with stucco facade featuring recessed figurative motifs, with the original coach entrance to the western boundary. There are three shops to Bridge Road and two single-level brick garages to the rear, is for sale through RT Edgar – Manningham and Steveway Real Estate and
  • 195 Bridge Road, Richmond
    A turn-of-the-20th-century, two-level with four levels to the rear brick shop and residence building in Federation style with a building area of 409 sqm. There is undercover parking for two cars to Leggo Place, is for sale through TCI Property.


Significant leasing opportunities in Richmond in August 2019:

  • Choice House at 150 Jolimont Road, East Melbourne
    An office building of six levels including a two-level basement car park, with a balcony on the third level, has office space ranging from 434 to 1,727 sqm for lease through Teska Carson Richmond;
  • Yarra Bank Offices at 678 Victoria Street, Richmond
    A four-storey building plus five levels of basement parking for 480 cars with a typical floor plate of 2,750 sqm, has office space of 250 to 2,166 sqm for lease through JLL Metro Market and Colliers International Melbourne CBD and
  • Pelaco at 21-31 Goodwood Street, Richmond
    An office complex comprising Building 1, a 4 and 5-storey older style building to the rear with on grade parking and Building 2, a 3-storey building with basement parking, lift access and landscaped gardens and Building 3, a 3-level office extension to the eastern section of the site, has office space ranging from 800 to 1,186 sqm for lease through Colliers International Melbourne CBD and Tyas & Associates.