This article is from the Australian Property Journal archive
A RETAIL freehold in Swan Street Richmond has sold for $770,000 immediately after the auction by agents DTZ.
Located at 127 Swan Street, the property adjoins the local ANZ Bank branch and is immediately opposite Dimmeys store.
The shop front has four metres of street exposure with over 80 sqm of downstairs floor space and a further 80 sqm of residential accommodation upstairs.
DTZ selling agent Richard O’Callaghan said there is scope to refurbish this property to add value to the exceptional position and an owner-occupier or investor will know that after the long existing ownership and the 180 day settlement, that this is a unique opportunity.
Australian Property Journal
