Harvey Norman leases second Richmond site
Harvey Norman has leased a second commercial property in Melbourne’s inner-east Richmond.
The retail giant will sub-rent 2100 square metres, being all of 158 Murphy Street (pictured, top), from mailing house DMC, which is relocating to Heidelberg West.
Harvey Norman trades from a store at nearby 479 Bridge Road.
The new premises will act as a local distribution centre.
Gray Johnson’s Rory White was the leasing agent.
“The sub-lease is at an annual rent of $325,000 gross plus GST with fixed annual rental increases of 4 per cent,” the broker said.
The term is two years and six months.
With a wide street frontage, the Murphy St building also includes an office component.
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