Harvey Norman leases second Richmond site

DMC will relocate to 26 Dougharty Road, Heidelberg West.

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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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.