Price Reduced - Sharply Aligned With the Market

Summit Commercial is pleased to present 237 Queen Street, Richmond - a prominent and well-established commercial investment offering secure income, diversified tenancy, and strong long-term potential.

Returning $190,000 net rental income, this substantial property provides an attractive 7.0% return on investment, with 6 established tenants contributing to a diversified and resilient income stream.

Positioned prominently along Queen Street within Richmond's thriving commercial precinct, the property benefits from excellent profile, accessibility, and exposure. The multi-tenancy configuration provides income diversification and helps mitigate vacancy risk, making this an appealing proposition for both established investors and those looking to strengthen their commercial portfolio.

The property is surrounded by a strong mix of retail, hospitality and professional businesses, supporting continued demand for well-positioned commercial premises. Its central Queen Street location provides excellent visibility, convenient access and proximity to established amenities, parking and transport connections.

With Richmond continuing to experience sustained commercial and residential growth, 237 Queen Street presents an outstanding opportunity to secure a substantial freehold investment in a tightly held location.

INVESTMENT HIGHLIGHTS

• $190,000 net rental income
• 7.0% ROI
• $2,699,000+GST (if any) – NEW PRICE
• 632sqm building
• 464sqm freehold site
• Six established tenancies
• Diversified and resilient income profile
• Prominent Queen Street frontage
• Excellent visibility and accessibility
• Strong long-term growth prospects

PRICE REDUCED – NOW $2,699,000+GST (if any)