58-66 Stephenson Street, Cremorne, VIC 3121 sold on 02 February 2025 | OnTheHouse
 
SOLD
Sold on 02 Feb 2025 for $18,000,000

58-66 Stephenson Street
Cremorne VIC 3121

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Property Details for 58-66 Stephenson St, Cremorne

Building Type
Commercial
Local Government
Yarra
Lot/Plan
PC359139

Last Listing description (October 2023)

THE ULTIMATE CREMORNE LANDHOLDING OVER 1,700SQM* TRIPLE FRONTED SITE WITH UNRIVALLED DEVELOPMENT SCOPE

CBRE Melbourne Metropolitan Sales in conjunction with TeskaCarson are pleased to present a truly rare opportunity in Melbourne's most proven & successful Commercial Office precinct. Spanning over 1,700sqm* with three (3) frontages, this unrivalled landholding would be well suited to owner/occupiers, value-add investors and developers.

First time offered to the market in 25 years, this outstanding opportunity can be summarised by the following key attributes:


+ 1,709sqm Cremorne landholding over two (2) title allotments

+ Existing multi-level office/warehouse building with multiple tenancies comprising a combined building area of 2,597sqm

+ Three (3) sizeable frontages to Stephenson Street, Kelso Street & Gwynne Street totalling 156m

+ An opportunity to join the absolute pinnacle of developers including VicLand, LK Property, Skylife, Alfasi, Salta & Time & Place who have landholdings & projects in the Immediate precinct with new established height precedence of up to 12 levels (STCA)

+ The most popular commercial office precinct outside of Melbourne's CBD, underpinned by major tenant profiles Including SEEK, MYOB, REA Group, Red Energy, Disney, 7 Eleven, Carsales.com, Uber & Tesla

+ An abundance of retail, food & lifestyle attractions featured along Swan Street & Church Street, and walking distance to some of Melbourne's most famed sporting attractions including the MCG (1km*) & AAMI Park (1.2km*) and 500m* from the Yarra River

+ Ample public transport options including tram access along Swan Street & East Richmond Train Station only 300m*

*Denotes approx.

For further information please contact the sales and marketing agents at CBRE & TeskaCarson:

CBRE:

David Minty
+61 422 564 199
david.minty@cbre.com

Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com

Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com

CBRE Asian Services Desk:
Jing Jun (JJ) Heng ()
+61 411 059 116 ()
jj.heng@cbre.com ()
jheng1206 ()


Teska Carson:

Matthew Feld
+61 415 803 348
mfeld@teskacarson.com.au

Larry Takis
+61 418 844 558
ltakis@teskacarson.com.au

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Property History for 58-66 Stephenson St, Cremorne, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$18,000,000
02 Feb 2025
  • 01 Jun 2023
    Listed for Sale Contact Agent
  • 03 Feb 2015
    Listed for Rent - Price not available
  • 19 Nov 2014
    Listed for Rent - Price not available
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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 2,319 properties. Over the last 5 years, Houses in Cremorne have seen a 3.80% increase in median value, while Units have seen a 12.23% increase. As at 31 October 2025:

  • The median value for Houses in Cremorne is $1,288,947 while the median value for Units is $718,498.
  • Houses have a median rent of $785 while Units have a median rent of $655.
There are currently 2 properties listed for sale, and 4 properties listed for rent in Cremorne on OnTheHouse. According to Cotality's data, 103 properties were sold in the past 12 months in Cremorne.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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