Dawkins Occhiuto are pleased to exclusively present for your consideration this exceptional opportunity to acquire 11 Newton Street, Cremorne.
The property comprises a high quality, three-storey office building which is currently 100% leased to Figurehead Construction, Energy Locals and Robert Luxmoore Project Management. With the current leases expiring in 2024-2025¹, the asset provides owner occupiers the opportunity to occupy the premises in the near-term.
The Commercial 2 zoned site of 1,063 sqm* offers the potential to be developed into a 9-level office (STCA), with significant holding income to provide security in the medium-term. Cremorne has rapidly become Melbourne’s hottest development commercial precinct and has garnered international acclaim due to its reputation as a precinct where major companies establish their headquarters.
Key features of 11 Newton Street include:
This exceptional property is offered for sale via Expressions of Interest campaign closing Thursday, 17 August 2023 at 3.00pm (AEST).
Please contact exclusive selling agents, Dawkins Occhiuto for more information.
*Approximately as at 1 July 2023
¹ Termination Clause: Pertaining to one lease, the landlord may exercise the termination additional provision for the further term of the lease. A break fee of $140,000 is payable by the landlord to the tenant if this clause is exercised.
STCA - Subject to Council Approval
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11 Newton Street, Cremorne, VIC, 3121