JLL and Colliers have the privilege of offering for sale 127-129 Cremorne Street, Cremorne a highly strategic investment opportunity with significant future development potential.
Key details of the opportunity include:
High quality existing office and warehouse freehold totalling 890sqm*
Securely leased to longstanding and highly regarded tenant, Wittner until 2029
Current net rental of $277,293 per annum* with fixed rental increases of 3.5%
Valuable on-site car parking for 19 vehicles
Substantial landholding of 722sqm* with direct Cremorne Street frontage
Opportunity to combine with the adjoining landholding at 121-125 Cremorne Street to own 2,288sqm* of prime land along Cremorne's most renowned thoroughfare
Cremorne is Melbourne's most sought-after commercial address, regarded as Victoria's 'Silicon Valley', and Cremorne Street is the central spine of Cremorne
A thriving commercial precinct endorsed by major national corporations, including Seek, Tesla, REA Group, Reece and many more
Strong annual rental increases of 3.25%
The strategic location of the property provides direct access to Citylink and within 3kms of the Melbourne CBD
For more information or to arrange an inspection, please contact the below conjunctional selling agents:
COLLIERS
Alex Browne | 0418 350 545
Ben Baines | 0438 328 407
Ted Dwyer | 0411 312 465
Colliers Asian Desk
James Zhuang | 0473 866 666
JLL
Tim Carr | 0415 767 915
Josh Rutman | 0411 27 37 46
MingXuan Li | 0498 688 998
