Rental income or development potential


1/15 Salisbury Road, Richmond

Auction

Download Email
Rental income or development potential | 1/15 Salisbury Road, Richmond | 4003600 |      X Close
Image
Description

Rental income or development potential


In a prime location this residential property is partitioned into three one bedroom self-contained flats. Each flat has its own external access and fully tenanted. The land is zoned commercial on a cross lease title with 745sqm interest in 1,636sqm. Located in the Richmond business district this older building in need of renovation lends itself to a variety of options. Continue with the current tenancies, or refurbish the flats to realise the rental potential. Explore the redevelopment of the property to capitalise on the commercial zoning.

β€’A residential building in commercial zone currently rented to three tenants

β€’Adjacent to the Richmond Mall

β€’High traffic Salisbury Road location

To be sold by auction at Bayleys Nelson, 288 Trafalgar Street noon 27th July 2021

Dennis Christian

Nelson

Licensed under the REA Act 2008

View profile

Paul Vining

Nelson

Licensed under the REA Act 2008

View profile

1/15 Salisbury Road, Richmond

Open in map

Dennis Christian

Nelson

Licensed under the REA Act 2008

View profile

Paul Vining

Nelson

Licensed under the REA Act 2008

View profile