Teska Carson is delighted to offer 36 Stephenson Street for Sale by Expressions of Interest closing Thursday 15th September at 3pm.
A truly rare opportunity to acquire this 399m2 site with frontages to Stephenson and Gwynne Streets allowing a land mark development reminiscent of New Yorks famous Flat Iron Building.
Key features of this opportunity are as follows:
- 399 square metres of land with a combined street frontage of over 57 metres
- 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
- Holding income of $55,000 per annum
Please call for further information or to arrange an inspection.
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:
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