Prime Central Richmond | GRZ2 | No Heritage Overlay | Currently Leased
A rare opportunity to secure an approx. 293m² site with an impressive 15m frontage in one of Richmond’s most sought-after locations, with the added advantage of $1,150 per week in rental income while future development plans and permits are progressed.
Perfectly positioned between Bridge Road and Swan Street, the property offers developers an outstanding combination of land, zoning and location, with General Residential Zone 2 (GRZ2) and no Heritage Overlay providing excellent scope to explore a range of development outcomes, including the potential for two premium townhouses (STCA).
The existing residence is currently leased at $1,150 per week ($59,800 p.a.) until 26 August 2027, providing a valuable income stream while planning and permit processes are undertaken.
KEY PROPERTY FEATURES:
- Approx. 293m² landholding
- Exceptional 15m frontage x 19.5m approx. depth
- GRZ2 zoning
- No Heritage Overlay
- Potential for two premium townhouses (STCA)
- Currently leased at $1,150 per week (expires 26/08/27)
- Side driveway with off-street parking for two or more vehicles
- Central Richmond location between Bridge Road and Swan Street
The existing double-fronted residence is comfortable as is, while offering future potential to renovate, extend or redevelop (STCA). It comprises three bedrooms, a separate living room or fourth bedroom, kitchen/meals area, bathroom, laundry and central heating/cooling.
A SMART DEVELOPMENT HOLD
Rather than carrying a vacant property while navigating the planning process, this opportunity provides immediate rental income while you work towards its future potential.
With its rare frontage, GRZ2 zoning, absence of Heritage Overlay and outstanding Richmond location, 51 Lord Street is a compelling development opportunity with income in the meantime.
Opportunities like this are rarely available — inspect and explore the possibilities.
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.
