58 Bridge Street

Offers Over $950,000

prime location with shop, residence and unit approval.

This extraordinary property comprises a popular shop premises on the main commercial strip at Richmond, as well as an adjoining residence, on a large allotment overlooking historic Richmond Bridge with recent Council Approval for 2 new dwellings.

The shop at front is currently occupied and leased to “Peppercorn Gallery” until February 2022, and the residence behind rented privately with no fixed term. Perhaps most exciting however is the approval to construct two new townhouses at the rear of the site, one with an elevated view over iconic Richmond Bridge, which lays claim to being the oldest stone bridge in Australia.

The property is approx. 1898sqm and spans the breadth of Bridge Street with commercial street frontage, to the Council Reserve at the rear overlooking the Coal River. The approved DA and Planning Permit is dated 24 December 2020 and valid for 2 years, and the designs by Pinnacle Drafting & Design are outstanding. Two contemporary units, a modern 2-bed 1 bath situated directly over the river, and a 3-bed 2-bath situated more internally. Full Permit with building plans available on request.

“Peppercorn Gallery” at front, established in 1983, has been a long term tenant of the owner. Formerly the “Mill Cottage”, the premises has deep historical roots, but currently generates an important revenue stream, along with the residential tenancy behind. The Shop has commercial zoning with versatile retail areas, window frontage and facilities. The 2 to 3 bedroom residence behind is well appointed, with flexible living areas, some incredibly unique and authentic features and a beautiful courtyard, gardens, green house and carport.

Richmond is approx. 25mins from the Hobart CBD, with independent schools, shopping and services, and the sale of this property by the family is certainly an incredible opportunity to live, do business or invest in one of the most recognised, historic and visited locations in Tasmania, in a rising Hobart market.

● Historic site in Richmond for sale
● Approx. 1898sqm level block
● DA approval for 2 new unit dwellings
● Views of Coal River & Richmond Bridge
● “Peppercorn Gallery” shop premises
● Street frontage and flexible retail space
● Residential living or tenancy behind
● Well maintained with versatile layout
● Beautiful courtyard with outbuildings
● Approx. 25 minutes to Hobart CBD
● Current revenue:
● Shop Lease – $18,841pa
● Residential Lease – $450pw
● Outgoings:
● Council Rates – approx. $3844pa
● Land Tax – approx. $2775pa
● TasWater – approx. $300pq

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Property Information

Year Built
Land Area
1,898 sqm approx
Floor Area
202 sqm approx




Off Street Spaces


Buyers Dec Contract Tips March2020