112 Stephenson StreetCremorne VIC 3121
Property Details for 112 Stephenson St, Cremorne
Last Listing description (September 2022)
Teska Carson have the pleasure of offering to the market 112 Stephenson Street (corner Balmain Street) for Sale by Expressions of Interest closing Wednesday 31 August at 3pm.
Offered for the first time in 30 years, rarely does an offering so rich in history come to the market.
- Perfectly suited for investors, owner operators and value add buyers looking to take advantage of what is the best positioned city fringe pub in Melbournes most coveted commercial location.
- Occupied by longstanding tenants The Cherry Tree Hotel, and widely regarded as one of best hidden gems of Melbournes food and beverage scene, this 7 day a week business runs day and night, with patrons including the tight knit local Cremorne community, office users throughout Cremorne/Richmond, as well as the general public.
- A commanding block of 422sqm* and located on the corner of Stephenson & Balmain Streets, benefitting from over 40 metres of street frontage.
- Well-presented two level building comprising 560sqm* of floor area.
- Favourable Commercial 2 zoning allowing scope to value-add or for future high-density development (STPA).
- Cremorne is home to national and international tenants such as Seek, Uber, Disney, MYOB, Reece, Car Sales and many more.
- Abundant lifestyle amenity including Melbournes best cafes and restaurants.
- Walking distance to Richmond Train station and 2.5km to Melbournes CBD.
* approximate
Please do not hesitate to call for further information.
Luke Bisset0400 344 211
Matthew Feld0415 803 348
Property History for 112 Stephenson St, Cremorne, VIC 3121
- 02 Sep 2022Sold for $7,560,000
- 29 Jul 2022Listed for Sale Contact Agent
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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