Property Details for 99 Green St, Cremorne
Last Listing description (December 2021)
CREMORNE'S NEXT HOTTEST OFFICE DEVELOPMENT SITE
Jones Real Estate is pleased to offer for your consideration, 'Cremorne's Hidden Gem' - a primely positioned development site nestled within the state's hottest commercial precinct.
"Cremorne's Hidden Gem" is a freehold development site that is being offered for the first time in 35 years and has the ability to be transformed into Cremorne's next hottest office development. Rich in amenity, the property's immediate surroundings are Cremorne and Richmond's major retail and hospitality precincts on Church Street and Swan Street, as well being at the doorstep to Melbourne's CBD. The site itself also neighbours some of the country's biggest national and international tenants such as Disney, Seek, Uber, MYOB and Car Sales.
The property is within minutes' walk to Richmond Station whilst having unrivalled access to major arterial roads Citylink M1 M3, Punt Road, Hoddle Street and Alexandra Avenue.
Highlights of the opportunity are as follows;
- Prime Cremorne development site comprising of a total 313sqm* of land area
- Favourable Commercial 2 Zoning (CZ2) allowing for a multi-level development (STCA)
- Schemes available by renowned architecture firm Cera Stribley for a seven (7) level
office building with city views
- 12.7 metre frontage to Green Street with existing warehouse improvements
- Short term rental income of $46,724.00 per annum plus GST & Outgoings
- Walking distance to an abundance of retail and hospitality venues along Swan Street and Church Street
- Located in the most sought after commercial precinct in the state only a 2 kilometre* walk to Melbourne's CBD
*Approx
*(STCA) Subject to council approval
For Sale via On Site Public Auction on Thursday 9th December 2021 at 4pm.
For further information please contact the exclusive selling agents.
Property History for 99 Green St, Cremorne, VIC 3121
- 08 Dec 2021Sold - Price Undisclosed
- 16 Nov 2021Listed for Sale Contact Agent
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 2,319 properties. Over the last 5 years, Houses in Cremorne have seen a 3.99% increase in median value, while Units have seen a 5.20% increase. As at 31 December 2025:
- The median value for Houses in Cremorne is $1,352,681 while the median value for Units is $714,122.
- Houses have a median rent of $800 while Units have a median rent of $660.
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