278 Burnley Street, Richmond, Vic 3121

Expressions Of Interest - $1m-$1.1m

House
Type
3
Bedrooms
1
Bathrooms
2
Parkings

Last updated on Monday, July 06, 2026 ( See property details for 278 Burnley Street, Richmond, Vic 3121)

Expressions Of Interest - $1m-$1.1m

Ella Vander Sluys Team Leader | Field Services Department
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile mixed-use freehold in Richmond offering retail, residential income, and future development potential in a prime city-fringe location.

🏡 Property Highlights

  • Versatile mixed-use freehold with commercial and residential components
  • Vacant ground floor retail shop ready for occupancy
  • Securely leased two-bedroom residential apartment generating income
  • Excellent natural light throughout the property
  • Potential for future development or repositioning (STCA)
  • Prime location close to Swan Street trams, cafes, and Burnley railway station

✨ Key Features

  • Commercial/residential title
  • Ground floor retail shop offered with vacant possession
  • Rear residential unit securely leased on a month to month basis for $535 per week / $27,900 per annum
  • On-site parking provisions
  • Excellent natural light throughout
  • No Owners Corporation
  • Flexible mixed-use layout
  • Positioned within close proximity to major arterial connections
  • Short walk to Burnley railway station
  • Landholding with future upside (STCA)

Richmond is a vibrant inner-city suburb renowned for its dynamic lifestyle, excellent transport links, and diverse dining options. It offers a thriving community atmosphere, proximity to Melbourne’s CBD, and a strong potential for property growth. The area is highly sought after by investors and owner-occupiers alike, with excellent amenities and future development prospects.

What are the current lease terms for the residential apartment?
The residential unit is securely leased on a month-to-month basis for $535 per week, providing a steady income stream.
Can the retail space be leased or occupied immediately?
Yes, the ground floor retail shop is offered with vacant possession, allowing for immediate occupancy or leasing.
What are the development prospects for the land?
The property has future upside potential subject to council approval (STCA), offering opportunities for repositioning or redevelopment.
Is there any Owners Corporation fee applicable?
No, the property is on a landholding title with no Owners Corporation fees.
What amenities are nearby?
The property is close to Swan Street trams, cafes, restaurants, and Burnley railway station, providing excellent connectivity and lifestyle options.
Are there any planning restrictions or zoning regulations that could affect future development or repositioning? Are there any existing easements, covenants, or encumbrances on the property? What are the potential costs for property maintenance or repairs? Is there any history of flooding, bushfire risk, or other environmental hazards in the area? Are there any upcoming construction or planning activities nearby that could impact the property’s value or livability? What are the terms and conditions of the current lease for the residential unit? Are there any additional costs or fees associated with the property, such as council rates or land tax? Has the property been inspected for structural issues or defects? Are there any restrictions on the use of the retail space or residential unit? What are the long-term plans for the surrounding area that could influence property value?

278 Burnley Street, Richmond, Vic 3121 - More Details

Expressions Of Interest - $1m-$1.1m

Expressions Of Interest Closing Tuesday 23rd June @ 12pm

Positioned in one of Richmond’s most tightly held city-fringe precincts, this versatile mixed-use freehold presents an outstanding opportunity for investors, owner-occupiers and value-add buyers alike. With flexible occupancy options, the property comprises a vacant ground floor retail premises and a securely leased two-bedroom residential apartment to the rear.

- Commercial/residential title
- Ground floor retail shop offered with vacant possession
- Rear residential unit securely leased on a month to month basis for $535 per week / $27,900 per annum.
- Flexible mixed-use layout with ability to invest, occupy or reposition
- Rear roller-door access and on-site parking provisions
- Excellent natural light throughout
- Landholding with future upside (STCA)
- No Owners Corporation
- Situated within close proximity to Swan Street trams, cafes, restaurants and major arterial connections
- Short walk to Burnley railway station

278 & 280 Burnley Street are available for sale individually, presenting a rare opportunity to secure adjoining mixed-use freeholds in one of Melbourne’s premier inner-city locations.

In Conjunction With MPC Moss Property Consultants - James Moss 0418 311 626.

Conditions of entry - IDENTIFICATION and contact number required, otherwise entry may be refused.

The information about this property has been supplied to us by the property owner, while we have no cause to doubt its accuracy, we provide no guarantee. We cannot attest to the functionality of any fixtures, fittings or inclusions to the property. Land and apartment dimensions and floor/site plans are supplied by third parties. Typing mistakes, omissions, transposing can occur, we provide to assist but make no representation. Buyers must carry out their own due diligence.
Type
House
Bedrooms
3
Bathrooms
1
Parkings
2

Price guide

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