OFF MARKET

5/2 Gough Street
Cremorne VIC 3121

Bedrooms: 3
Bathrooms: 3
Car spaces: 2
Floor area: 137m2
Land area: 762m2
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Property Details for 5/2 Gough St, Cremorne

5/2 Gough St, Cremorne is a 3 bedroom, 3 bathroom Unit with 2 parking spaces. The property has a land size of 762m2 and floor size of 137m2.

Building Type
Unit
Floor Size
137m2
Land Size
762m2
Local Government
Yarra

Last Listing description (November 2018)

Live and work from your SoHo apartment!
The Malt District by Caydon will transform the former Silos/Nylex clock industrial site into an important and exciting cultural asset. This will be an exhilarating place to establish a business as well as a golden opportunity to secure a piece of history.
This beautiful apartment set above a split-level commercial space delivers the perfect alternative for a work-from-home business. Whether it is a boutique retail shop or a creative agency, the SoHos offer business owners the peace of mind and convenience of simply walking downstairs to start their day. A limited number of SoHos are available and each offers an enviable working lifestyle and a real opportunity for small businesses to make an impact in The Malt District.

The unique 144m2 commercial space will be a blank canvas split over two levels, the ideal backdrop for an owner to creatively express their business brand and individuality. Positioned on the ground floor of the residential 'Coppins Corner' building in the highly visible curved tower, this fully glazed space will enjoy the highest exposure thanks to location within the precinct s busy central hub.
Integrated above is a very attractive open-plan apartment, with separate pedestrian access from the office. The spacious light-filled living/kitchen area opens will take in the atmosphere of The Malt District, and has room for a dining table as well as an island kitchen bench. The well-designed queen-size bedrooms are roomy and comfortable, each containing their own private ensuite. The master suite features a generous walk-in robe and the rare luxury of a bathtub to soak away the day s hard work.
As residents of Coppins Corner, SoHo owners will share the stunning rooftop terrace, taking full advantage of the beautiful views. An undercover dining area will suit more formal entertaining and state of the art BBQ facilities will be available for day or night enjoyment. There will also be a beautifully appointed Health Club with fully equipped gym and sauna, and a Relaxation Centre with steam room, meditation room, massage pods and spa.
The rejuvenation of the iconic Silos/Nylex clock site is one of the most exciting new developments in Melbourne. There will be a vital energy at street level in The Malt District thanks to the buzz created by the retail outlets and commercial activity. This of course includes the SoHos which will also benefit greatly from being there.
Organisations who establish residence within The Malt District will join one of Melbourne s fastest growing commercial and innovation hubs. Cremorne is enjoying an influx of leading creative and digital businesses such as MYOB, Seek, Walt Disney, Uber, CarSales and REA. The suburb has been dubbed Silicon Yarra for its likeness to the boom seen in Silicon Valley during the dotcom years. Attract the best talent for your business by aligning your brand with the heavy hitting tech corporates, digital entrepreneurs and internationally acclaimed creative studios of Silicon Yarra.
The businesses who establishes their operations in this enviable location are destined to benefit from The Malt District becoming a central gathering place for residents and visitors. The vision is for the large public spaces, reminiscent of a European plaza, to be ringed with retail outlets including cafe s and restaurants attracting existing Cremorne workers and residents who will welcome the opportunity to explore something new.
The Malt District will become a popular new destination right in the heart of Cremorne, next door to popular Richmond and South Yarra. Restaurants and cafes will jostle on the fringe of the generously designed public spaces, bringing life to the precinct from morning through to late evening. A boutique micro-brewery will sit between red-brick heritage buildings and laneways, adding further unique amenity to this vibrant hotspot.
Workers will enjoy an array of public transport connections, cycle links and landscaped walking paths. Or for those keen to live on sit, the multiple essential apartment buildings will allow for a highly sought-after ultimate work/life connection.
APARTMENT FEATURES
- 196m2 luxury level 3 bedroom apartment
- private residential address with individual, private access
- separate access for apartment and office
- spacious, attractive interiors
- full size, gourmet kitchens
- appliance options available
- wide oak timber floors
- ensuite to all bedrooms
- master bathroom with walk-in robe and bathtub
- floor-to-ceiling tiles in bathroom
- separate laundry
OFFICE/RETAIL SPACE
- 144m2 ground floor retail/office space
- large amount of passing traffic
- full glazed shop frontage
- office space can be individually designed
- all services are wired in through the shell

Property History for 5/2 Gough St, Cremorne, VIC 3121

A timeline of how this property has performed in the market
  • 05 Jun 2018
    Listed for Sale $3,088,000

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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 6 properties listed for sale, and 5 properties listed for rent in Cremorne on OnTheHouse. According to CoreLogic's data, 88 properties were sold in the past 12 months in Cremorne.

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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.