JLL and TeskaCarson are pleased to exclusively offer 24-26 Cubitt Street, Cremorne for sale – an expertly designed retail and office building with basement carparking positioned in Melbourne’s most established Fringe market.

Key details of the opportunity include:

A High Quality Building

+ High quality 7-level retail and office building + rooftop terrace completed in 2019, spanning 2,396sqm* of GFA

+ Central core configuration and floor to ceiling windows flood the building with natural light

+ Exclusive private outdoor terraces provided on all office levels

+ 19 secure basement carparks

+ 5 Star NABERS energy rating

+ Opportunity to deliver additional levels above the existing roofline (STCA)

Strong Existing Income & Future Growth

+ Strong current net passing income of $551,325p.a.

+ Estimated fully leased net income of $1,115,000 per annum*

+ The building has had a strong history of 100% occupancy

+ Two full floor leasing deals completed in the past 2 months

Cremorne – Melbourne’s Most Attractive Commercial Precinct

+ Cremorne is undisputedly Melbourne’s most active office tenant market, with consistent leasing transactions of $750/sqm+ net being achieved

+ A precinct endorsed by numerous high-profile businesses, including Adidas, Reece, Decjuba, MYOB, Seek, Carsales.com and many more

+ A hyper-connected Fringe location, being within 400 metres* of Richmond & East Richmond Train Stations

To obtain further information or to arrange an inspection, please contact the exclusive selling agents at JLL and Teska Carson.

JLL

Tim Carr | 0415 767 915

Josh Rutman | 0411 27 37 46

TeskaCarson

Adrian Boutakis | 0433 138 768

Reece Israel | 0433 572 343

*Approximately

STCA – Subject to Council Approval\

GFA – Gross Floor Area