SOLD
Sold on 13 Aug 2024 for $2,020,000

23-25 Cremorne Street
Cremorne VIC 3121

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 300m2
Land area: 851m2
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Property Details for 23-25 Cremorne St, Cremorne

Building Type
Commercial
Floor Size
300m2
Land Size
851m2
Local Government
Yarra
Lot/Plan
1/TP548597

Last Listing description (October 2023)

Teska Carson is pleased to present 23 Cremorne Street, Cremorne.

This unique office conversion is positioned near prime Cremorne Street amenity and is surrounded by a range of Melbournes most creative and innovative tenants.

Located within Melbournes hottest commercial precinct, this creative office benefits from an abundance of entertainment and lifestyle amenities such as popular cafes, bars and restaurants.

Cremorne offers seamless connectivity with major arterial routes like the M1 Freeway, Punt Road, CityLink and an extensive public transportation network. This ensures a hassle-free commute for both employees and customers, making accessibility a breeze.

Creative offices of this size are hard to come by in desirable locations such as Cremorne.

For more information or to arrange an inspection please don't hesitate to contact the listing agent.

Property History for 23-25 Cremorne St, Cremorne, VIC 3121

A timeline of how this property has performed in the market
Last Sold
$2,020,000
13 Aug 2024
Listed for Rent
$100k/w
10 Oct 2023
  • 13 Aug 2024
    Sold for $2,020,000
  • 13 Sep 2023
    Listed for Rent - Price not available
  • 05 Jun 2018
    Listed for Rent - Price not available
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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 2011 was 1,564 people. By 2016 the population was 2,040 showing a population growth of 30.4% 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 2011, 50.4% of the homes in Cremorne were owner-occupied compared with 48.9% in 2016.

Cremorne has 2,173 properties. Over the last 5 years, Houses in Cremorne have seen a -3.17% decrease in median value, while Units have seen a -0.47% decrease. As at 31 October 2024:

  • The median value for Houses in Cremorne is $1,292,028 while the median value for Units is $691,141.
  • Houses have a median rent of $800 while Units have a median rent of $643.
There are currently 7 properties listed for sale, and 3 properties listed for rent in Cremorne on OnTheHouse. According to CoreLogic's data, 86 properties were sold in the past 12 months in Cremorne.

Suburb Insights for Cremorne 3121

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.