6 Balmain StreetCremorne VIC 3121
Property Details for 6 Balmain St, Cremorne
Last Listing description (September 2023)
Gorman Allard Shelton is pleased to offer 6 Balmain Street, Cremorne for private sale.
The property presents a rare opportunity to acquire a prime inner city investment securely leased to an experienced hospitality operator. This site is positioned in the heart of Cremorne's commercial precinct with Seek and MYOB Headquarters a moment's walk.
Key features comprise:
* Brand new 5-year lease (commenced 27 August 2023)
* Income: $50,000 pa + GST + outgoings
* Well-regarded hospitality brand
* Building area: 135 sqm approx.
* Secure basement parking for 3 cars
Located amongst a hive of activity in Cremorne approximately 3.5 Kilometres from the Melbourne CBD. This pocket is just off Cremorne Street and is well-serviced by all forms of public transport. In close proximity to the Monash Freeway and City Link.
Property History for 6 Balmain St, Cremorne, VIC 3121
- 24 Jul 2024Sold for $780,000
- 20 Sep 2023Listed for Sale Contact Agent
- 17 Jun 2021Listed for Rent - Price not available
Commute Calculator
Recent sales nearby
See more recent sales nearby
0
/assets/perm/agnwoa2jpmi63lmm7vctu5ucsm?signature=5ff1c151d4af2ad3caa7e31210cadcf71d1a4559e5d858f7daf7988d455d3618){kind=logo}
0/assets/perm/dewkkdcsbyi65mvjhwb6kwhyly?signature=31793042d15dd22c47eaa5bf7a897497f68962728b5f5e2a825165901a84882e){kind=logo}
0Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
0About 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.
Suburb Insights for Cremorne 3121
Market Insights
Cremorne Trends for Houses
N/A
N/A
View TrendN/A
N/A
Cremorne Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
