10 - 14 Yarra Street
Richmond, VIC 3121

This exceptional freehold property located at 10-14 Yarra Street, Richmond, presents a unique opportunity for investors or occupiers seeking a prime inner-city site with significant potential for repositioning or redevelopment.

The site encompasses approximately 314 square metres, featuring a substantial frontage of 19.05 metres to Yarra Street, providing excellent street presence and accessibility. The existing structure is an open plan warehouse, equipped with staff amenities and roller door access, offering functional space that can be adapted to various uses.

There is scope for office retrofitting and potential future subdivision, subject to council approval (STCA), allowing for flexible development options tailored to specific needs. The property benefits from recently gazetted interim planning controls (DDO53), which enhance its future development prospects and provide a framework for urban renewal in the area.

Richmond is a vibrant suburb undergoing strong urban renewal, supported by multiple mixed-use projects in the vicinity, including the $150 million Brighton Street development by Goldfields and the 'Richmond Square' project on Wiltshire Street by Fortis. This dynamic environment is complemented by a thriving local scene with popular bars and eateries such as Top Paddock, Axil, Pillar of Salt, The Prince Alfred Hotel, Public House, and Union House all within walking distance.

Connectivity is a key advantage of this location, with tram routes running along Church Street, East Richmond Station just 700 metres away, and easy access to major arterial roads including CityLink and Hoddle Street, facilitating convenient travel to and from the Melbourne CBD and surrounding areas.

This property represents a rare opportunity to secure a strategically positioned freehold site in a sought-after inner-city location, offering versatility for a range of commercial or mixed-use developments. Its combination of size, frontage, existing infrastructure, and favorable planning controls make it an attractive proposition for those looking to capitalize on Richmond's ongoing transformation and growth.

Prospective buyers are encouraged to consider the long-term potential of this asset, whether for immediate occupation, redevelopment, or investment purposes, within one of Melbourne's most dynamic and evolving precincts.