Colliers and CVA are pleased to present two (2) 100% leased retail investment opportunities in Cremorne’s newest office building, Cremorne House, located at Ground, 6 Adolph Street, and 5 Pearson Street, Cremorne
For Sale via Deadline Private Sale closing Thursday May 16th, 2024, at 3pm (AEST).
Crafted by renowned developer Wilmac and designed by SJB Architects, these investments boast separate titles, providing flexibility to acquire together or individually. Both properties offer long-term leases with multiple option periods and attractive depreciation tax benefits. Situated in the heart of Melbourne's hottest precinct, these opportunities offer immediate access to Swan Street and Church Street while also benefiting from the East Richmond Station foot traffic.
Investment Highlights:,
Ground Floor, 6 Adolph Street, Cremorne: Cafe
- Tenant: “Little B” – the second location of the highly successful “Bruno & Co” based in High Street, Armadale.
- Building Area: 56m2* plus one car space
- Rental: $51,200 p.a net
- Term: Five (5) years from12th February 2024
- Options: One further term of two (2) years then one additional term of three (3) years
- Increases: Annual by 3.5%, market at commencement of further terms(s)
5 Pearson Street, Cremorne: Conference Centre/Boardroom
-Tenant: Owners Corporation No. 1 PS902518F
- Building Area: 29m2*
- Rental: $21,375 p.a net
- Term: Ten (10) years from 2nd February 2024
- Options: Two (2) further terms of five (5) years
- Increases: Annual by 3%, market at commencement of further terms(s)
These two (2) outstanding investment opportunities are being offered for sale via Deadline Private Sale closing Thursday May 16th, 2024, at 3pm (AEST). For further information, please contact the exclusive selling agents, Colliers and CVA.
*Approx.
Pricing excludes GST