1-3 Harcourt ParadeCremorne VIC 3121
Property Details for 1-3 Harcourt Pde, Cremorne
Last Listing description (October 2023)
CBRE and Aston Commercial are pleased to offer this high profile corner site in Cremorne. Cremorne is recognised as one of Melbourne most popular city fringe locations for new office and residential development. The site adjoins the Malt District Development and one of Melbourne most recognised landmarks being The Silo's and Nylex Clock.
The site is only a short walk to The Melbourne Sports and Entertainment Precinct that includes Melbourne Park, Melbourne Cricket Ground, Gosch's Paddock and AAMI Park. In addition to this it is centrally located to Church Street and Swan Street Richmond, Toorak Road South Yarra and The Botanical Gardens.
Once complete the development will incorporate a new residential hotel and a digital billboard providing a unique mix of income for the development. The hotel will have views back down the Yarra River to Melbourne's CBD.
Investment Highlights:
- 785sqm Commercial 2 Zoning
- Popular Cremorne location with multiple demand generators for corporate and leisure based accommodation
- Situated in one of Melbourne's most popular city fringe locations for new office development
- Walking distance to sporting, entertainment, retail and hospitality offerings
- Adjoins the popular Malt District development
- Current income from existing billboard and commercial car parking
- Existing permit for 11 storey, 96 room hotel and digital sign
For sale via Expressions of Interest closing Thursday, 16 November 2023 at 3:00pm (AEDT).
For further information, please contact the exclusive agents.
Property History for 1-3 Harcourt Pde, Cremorne, VIC 3121
- 18 Oct 2023Listed for Sale For sale via expression of interest
- 04 Nov 2011Listed for Rent - Price not available
- 20 May 2011Listed for Sale Not Disclosed
Recent sales nearby
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About Cremorne 3121
The size of Cremorne is approximately 0.7 square kilometres. It has 3 parks covering nearly 0.5% of total area. The population of Cremorne in 2016 was 2018 people. By 2021 the population was 2158 showing a population growth of 6.9% in the area during that time. The predominant age group in Cremorne is 30-39 years. Households in Cremorne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cremorne work in a professional occupation.In 2021, 48.30% of the homes in Cremorne were owner-occupied compared with 48.90% in 2016.
Cremorne has 2,333 properties. Over the last 5 years, Houses in Cremorne have seen a -3.06% decrease in median value, while Units have seen a -0.72% decrease. As at 31 March 2026:
- The median value for Houses in Cremorne is $1,366,970 while the median value for Units is $729,507.
- Houses have a median rent of $825 while Units have a median rent of $688.
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