Teska Carson and Dawkins Occhiuto are pleased to present for sale 68-88 Green Street, Cremorne. A strategically located, shovel ready site with permit approval for a Bates Smart designed eight (8) level office building.
The large landholding of 2,868 sq. m comprises six (6) contiguous titles improved with substantial buildings which are fully leased and generating holding income (with demolition clauses).
The property presents the rare flexibility to develop immediately, add value to the existing buildings, or land bank a premium site for future development.
Located in the epicentre of Melbourne’s most sought after city fringe precinct, the property benefits from access to all that Cremorne has to offer; exceptional surrounding amenity for tenants with unrivalled access and connectivity.
Key features include:
* Total site area of 2,868 sqm* with 127m street frontage in premium Cremorne location
* Substantial existing improvements (2,652 sqm*) across 4 buildings and 6 titles
* Fully leased with passing gross rental of $639,744 p.a.* and demolition clauses
* Permit approved Bates Smart designed eight (8) level office development (8,861sqm*)
* Considered design with outstanding fundamentals including natural light, high quality End-of-Trip, landscaping by Jack Merlo Design, panoramic CBD views.
* Location has attracted major occupiers such as Reece, Seek, Red Energy, REA Group, Domain, NDIS, Monash IVF, Carsales, to name a few
* Unique opportunity to buy large scale blue chip real estate in Melbourne’s most sought after city fringe precinct
*approx.
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