6 Adolph Street, Cremorne, VIC 3121

Retail | Offices | Hotel/Leisure

Sold

  • Property ID: 443724
  • Floor Area: 29m² - 56m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Ground Floor, 6 Adolph Street, Cremorne: Cafe Sold 24/07/2024 56m2 N/A Contact Agent
5 Pearson Street, Cremorne: Conference Centre/Boar Sold 06/05/2024 29m2 N/A Contact Agent
Leased Investment Opportunity | 6% return

Colliers and CVA are pleased to present a 100% leased retail investment opportunity in Cremorne’s newest office building, Cremorne House, located at Ground, 6 Adolph Street, and 5 Pearson Street, Cremorne

Crafted by renowned developer Wilmac and designed by SJB Architects, this investment boasts a separate title plus an allocated car space. On offer is a new 5 year term lease with multiple option periods to 2034 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
$850,000 buyers
- 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 with optons to 2034
- 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)

An outstanding investment opportunity is offered for Private Sale. For further information, please contact the exclusive selling agents, Colliers and CVA.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: Immediate
  • Lease Term: Five (5) + Two (2) + Three (3) years
  • Rent Review: Annual increases of 3.5%, market at option
  • Car Spaces: 1 secure undercover space on site
  • Condition: Excellent
  • Air Conditioning: Yes
  • Floors: Concrete
  • Lifts: Two
  • Height: 3m* (approx.) ceiling height
  • Age: Brand new
  • Car Parking Fees: NA
Outgoings
  • Land Tax: $975.00 (single holding)
Cremorne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail --- $879 ---
Industrial $8523 --- ---
Offices $9663 $572 5.92%
This is the average advertised price, rent and yield for Cremorne, VIC 3121*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
LOGIN (Existing Members)
×

REGISTER (New Members)

Already have a CPG account? Login

×
×

×
REGISTER (New Members)
×