6 Balmain StreetCremorne VIC 3121
Property Details for 6 Balmain St, Cremorne
Last Listing description (September 2023)
Gorman Allard Shelton is pleased to offer 6 Balmain Street, Cremorne for private sale.
The property presents a rare opportunity to acquire a prime inner city investment securely leased to an experienced hospitality operator. This site is positioned in the heart of Cremorne's commercial precinct with Seek and MYOB Headquarters a moment's walk.
Key features comprise:
* Brand new 5-year lease (commenced 27 August 2023)
* Income: $50,000 pa + GST + outgoings
* Well-regarded hospitality brand
* Building area: 135 sqm approx.
* Secure basement parking for 3 cars
Located amongst a hive of activity in Cremorne approximately 3.5 Kilometres from the Melbourne CBD. This pocket is just off Cremorne Street and is well-serviced by all forms of public transport. In close proximity to the Monash Freeway and City Link.
Property History for 6 Balmain St, Cremorne, VIC 3121
- 24 Jul 2024Sold for $780,000
- 20 Sep 2023Listed for Sale Contact Agent
- 17 Jun 2021Listed for Rent - Price not available
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 2,318 properties. Over the last 5 years, Houses in Cremorne have seen a -1.33% decrease in median value, while Units have seen a 7.14% increase. As at 30 November 2025:
- The median value for Houses in Cremorne is $1,317,882 while the median value for Units is $714,489.
- Houses have a median rent of $795 while Units have a median rent of $670.
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