6% return, tightly held Cremorne Fully Leased Investment

• Stand Alone Building

• 6% return with 5 year lease and option

• Car Parking

An outstanding opportunity to acquire a high quality, fully leased stand alone commercial building in the heart of Cremorne, one of Melbourne’s most tightly held and sought after business precincts.

Cremorne is widely recognised as Victoria’s “Silicon Valley” or “Silicon Yarra”, renowned for its exceptional concentration of global technology leaders, innovative start ups and creative enterprises. Major occupiers in the precinct include SEEK, REA Group, CarSales and MYOB, reinforcing Cremorne’s status as a premier commercial location on the immediate fringe of Melbourne’s CBD.

The Property

• Prominent three level stand alone building

• Land area: approx. 185 sqm

• Gross building area: approx. 428 sqm

• Architecturally designed, premium grade fit out

• Outstanding presentation throughout

• Expansive rooftop breakout and entertainment terrace, superbly appointed

• Highly functional modern workspace with strong staff amenity

The Tenancy

• Fully leased since 2021

• 5 year lease commencing 1 January 2026, with a further 5 year option

• Net lease – tenant pays all usual outgoings

• Current net income: $227,000 per annum

• Fixed annual rent increases of 4%

The tenant trades as Freddy, an established Italian athleisure brand with a 50 year international history, specialising in technically advanced apparel designed around movement, comfort and flattering fit. The brand’s longevity and global presence underpin the strength of the covenant.

Investment Highlights

• Blue chip Cremorne location

• Fully leased, passive net income

• Strong rental growth profile

• High quality modern building with long term relevance

• Scarce stand-alone freehold offering in a tightly held precinct

Commercial Bureau Real Estate and Mercuri Cutrona Real Estate are exclusive conjunctional marketing agents.