Boutique office in sought after Cremorne

October 6, Melbourne – Teska Carson is marketing a boutique office building at Cremorne (Richmond) in Melbourne’s popular inner east.  The property will be auctioned on Thursday, November 4, at 12pm. 

The 13 William Street property is located in the heart of Cremorne and within easy reach of Richmond railway station and trams for a ten minute ride to the CBD, and Swan Street shops, restaurants and cafes. It is also within close proximity of major road networks including CityLink, the Monash Freeway, and Punt Road,

The modern, 290 square metre, three level building comprises an open plan office space across two levels, a kitchen and bathroom with shower, and a ground floor meeting room/board room. 

Zoned Commercial 2, the 110 square metre site has a frontage of nine metres to William Street and includes a secure garage for four cars.

According to marketing agents, Teska Carson’s Luke Bisset and Adrian Boutsakis, the popular area continues to see a significant upsurge in commercial and residential development. 

``Population growth has driven residential and commercial development and this, along with the unprecedented demand for commercial space from a wide range of tenants, has seen very low vacancy rates,’’ Mr Bisset said.

He said the property is ideally suited for owner-occupation or investment.

``The property represents an exceptional opportunity for both owner-occupiers and investors to acquire a commercial property asset in arguably Melbourne’s most sought after city fringe office precinct. 

``Properties such as this, in such popular precincts and so close to the CBD, are becoming increasingly rare as the demand for inner city assets intensifies.

``As such this property offers owner-occupiers a very accessible location for their business and for investors an opportunity to capitalize on the dwindling number of options for inner suburban commercial tenants,’’ Mr Bisset said.

Mr Bisset said the property’s key attributes included:

• Its suitability for owner-occupiers and Investors;
• High quality finishes;
• Excellent public transport;
• Excellent access to the CBD;
• Close proximity to major road networks:
• Close proximity to shopping, parks and gardens, the MCG and Yarra River; and,
• Vacant possession.