Teska Carson is pleased to offer 94 Balmain Street, Cremorne for Sale by Expressions of Interest closing 26 March 2026 at 3pm.Superbly located in the absolute heart of Cremorne, this is a strategic acquisition opportunity for owner-occupiers, investors and developers in this tightly held precinct of Melbourne, dubbed the innovation capital of Australia.Key highlights of this offering include:- Well-presented freehold building comprising 236sqm* of net lettable area.- A total site area of 236sqm* with 35 metre street frontage to Balmain and Chestnut Streets.- Offered with vacant possession.- Commercial 2 zone and multi-storey height precedent in immediate proximity, allowing scope for a range of development outcomes (STPA).- Directly opposite a recently approved 13-storey hotel development comprising 87 rooms and eight serviced apartments.- Incredible connectivity to all modes of public transport & major arterial routes, including nearby Punt Road (800m*), the Monash Freeway (700m*) as well as East Richmond & Richmond Train Stations.- Unrivalled lifestyle amenity with Swan & Church Streets' highly popular retail, showroom and hospitality precincts within short walking distance.- Richmond is home to national and international tenants such as REA Group, Dentsu, Seek, Uber, Disney, MYOB, Reece, Car Sales and many more.Please call for further information.Luke Bisset0400 344 211Stephen Speck0404 893 142*approx.
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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