24-26 Cubitt Street, Cremorne, Vic 3121

Teska Carson are proud to present 24-26 Cubitt Street, Cremorne for Private Sale.

Expertly designed and completed in 2019, 24-26 Cubitt Street is a high-quality 7-level retail and office building with rooftop terrace, spanning 2,396sqm* of GFA with 19 secure basement carparks, positioned in the heart of Cremorne, Melbourne's most established and sought-after fringe commercial market.

Key details are highlighted below

·         High-quality 7-level retail and office building featuring a central core configuration, floor-to-ceiling windows flooding the building with natural light, and exclusive private outdoor terraces on all office levels, crowned by a stunning rooftop terrace.

·         Strong current passing rent and an estimated fully leased net income of $970,561 per annum*. The building has maintained a strong occupancy history, with a recent leasing deal completed in the past two months.

·         5 Star NABERS Energy rated building with 19 secure basement carparks, offering best-in-class sustainability credentials within the Cremorne precinct.

·         Opportunity to deliver additional levels above the existing roofline (STCA), providing future upside for incoming purchasers seeking to enhance the asset's scale and returns.

·         Cremorne is undisputedly Melbourne's most active office tenant market, with consistent leasing transactions of $750/sqm+ net being achieved. The precinct is endorsed by numerous high-profile businesses including Adidas, Reece, Decjuba, MYOB, Seek, Carsales.com and many more.

·         A hyper-connected fringe location, positioned within 400 metres* of both Richmond and East Richmond Train Stations, providing exceptional access to Melbourne's broader metropolitan network.

*Approx.

STCA – Subject to Council Approval

GFA – Gross Floor Area