500 Church StreetCremorne VIC 3121
Property Details for 500 Church St, Cremorne
Last Listing description (February 2016)
First Time This Building Has Been Offered For Sale On The Market!!
There Is No Suburb More Desired & More Exclusive Than Cremorne. Melbourne's Largest Property Developers Are Scrambling To Secure Their Slice Of This Rare Location, While National & Multinational Tenants Line The Streets Paying Premiums To Secure Their Positions. Welcome To Renowned Cremorne & It's Iconic Best... Church Street.
500 Church Street Is The Premier Property On This Premier Street. The Quality & Presentation Is Second To None. A Modern & Tasteful Retail Showroom That Commands A Superior Presence On This Iconic Street. It Is The Only Free Standing, Three Street Frontage, Retail Showroom On Church Street - Thus Providing It's Tenant A Far Superior Level Of Retail Exposure Compared To Other Church Street Showrooms. Put Quite Simply... It Is By Far The Best That Church Has To Offer. You Only Need To Look At The Length Of Tenure From The Current Tenant To Identify How Exclusive This Property Is.
There Is Substantial Future Rental Growth & Development Upside. A Highly Restricted Independent Valuation Has Limited The Short Term Rent Potential Of This Property - However This Restriction Will Only Be Temporary With A Mid Term Market Review Due May 2019. With Numerous National & Multinational Tenants Who Would Be Willing & Able To Pay In Excess of $700,000 For This Superior Location In Today's Market... The Rent Potential Should Only Be Greater In 2019.
The Location Is Unrivaled... The Upside Is Unquestionable. This Is A Property That Requires No Effort To Dramatically Increase In Wealth.
Original Lease - 8 x 7 x 7 x 7 Year Term From 18 May 2000. Current Renewal Of Lease - 7 x 7 Year Term From 18 May 2015.
Building Area - 2,008sqm*. Land Area 1,055sqm*.
For Sale By Negotiation.
Please Contact Agent For Further Details.
*Approx.
Property History for 500 Church St, Cremorne, VIC 3121
- 19 Oct 2015Listed for Sale Please Contact Agent
- 06 Sep 2006Sold for $3,935,973
- 29 Sep 2004Sold for $4,000,000
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 2,336 properties. Over the last 5 years, Houses in Cremorne have seen a -5.96% decrease in median value, while Units have seen a -5.84% decrease. As at 30 April 2026:
- The median value for Houses in Cremorne is $1,341,732 while the median value for Units is $705,499.
- Houses have a median rent of $820 while Units have a median rent of $693.
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