80-82 Stephenson StreetCremorne VIC 3121
Property Details for 80-82 Stephenson St, Cremorne
Last Listing description (January 2024)
TWO GREAT BUILDINGS OR ONE EPIC DEVELOPMENT SITE
Teska Carson & TCI Property are pleased to present 80-82 & 84 Stephenson Street, Cremorne, for Sale individually or as a whole via Private Treaty.
These outstanding commercial opportunities allow for owner occupation, investment or a substantial development within Australias most sought after city fringe location.
Key investment considerations include:
80-82 Stephenson Street:
- Land area of 537m2
- Quality existing improvements of 604m2 featuring ground floor warehouse and first floor office plus undercroft parking for 3 cars
- Three street frontages (Stephenson, Kelso and Gwynne Street)
- Lease to The Style Co expires 31 August 2024 with opportunity for early access if required
84 Stephenson Street:
- Land area of 318m2 with 2 street frontages (Stephenson and Gwynne Street)
- 450m2 of recently refurbished office space
- 3 off street car parks
- Lease to Decjuba expires 30 September 2024 with no further options
The Combined Opportunity:
- 855m2 of land with 3 street frontages
- 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 Melbournes most famed sporting attractions including the MCG (1.4km*) & AAMI Park (1.2km*) and 500m* from the Yarra River
- Ample public transport options including tram access along Swan Street, East Richmond Train Station (300m*) and Richmond Station (500m*).
For more information please do not hesitate to contact the listing agents.
*approx.
Property History for 80-82 Stephenson St, Cremorne, VIC 3121
- 19 Sep 2023Listed for Sale Contact Agent
- 31 Mar 2015Listed for Rent For Lease @ $59,000pa + og's + gst
- 13 Jan 2015Listed for Rent FOR LEASE @ $59,000PA + OG'S + GST
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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