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278 Burnley Street, Richmond, Vic 3121-Image

278 Burnley Street, Richmond, Vic 3121

Expressions Of Interest - $1m-$1.1m

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Type

Bedrooms

Bathrooms

Parkings

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

Expressions Of Interest - $1m-$1.1m

View the agent price guide.

Julie Taylor - Real Estate Agent - BigginScott - Richmond

Julie Taylor Senior Sales Consultant

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Ella Vander Sluys - Real Estate Agent - BigginScott - Richmond

Ella Vander Sluys Team Leader | Field Services Department

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AI Property Insight

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)

Suburb and Property Insights of Richmond, VIC 3121

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.

Frequently Asked Questions

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.

What to ask about this property to agent?

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

Type: House
Bedrooms: 3
Bathrooms: 1
Parkings: 2

Price guide

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278 Burnley Street, Richmond, Vic 3121 - Point Of Interest

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278 Burnley Street, Richmond, Vic 3121

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