An Owner Occupier has purchased a 1,500sqm* freehold in the heart of Cremorne, solidifying the rising appetite of occupiers to own their own premises.
Colliers’ Office Middle Markets team has secured the sale of 11 Newton Street, Cremorne, achieving a price of $10.5 million in a deal that underscores the continued strength of owner‑occupier demand in Melbourne’s most tightly held office precinct.
The off‑market transaction was led by Colliers agents Alex Browne, Ben Baines and Eddie Foulkes, with the three-storey 1,500 square metre office building ultimately snapped up by a local owner‑occupier at a capital value of $7,027 per square metre.
The campaign drew strong interest from a broad range of buyers, including private investors, developers and a deep pool of owner‑occupiers, reflecting the sustained appeal of Cremorne’s city‑fringe office market.
Alex Browne, Director of Investment Services at Colliers, said, “The transaction highlights the ongoing appetite from owner‑occupiers, who continue to dominate the office market. In 2025, owner‑occupiers accounted for approximately 25 per cent of all transactions, the largest share by buyer type, and that momentum has carried strongly into this year.”
Eddie Foulkes, Executive of Investment Services at Colliers, said, “The property’s scale and large floorplates of around 750 square metres were key drawcards for the purhcaser and are a rarity for Cremorne. The property’s configuration aligned perfectly with multiple owner‑occupier requirements looking for a standalone premises with room to grow.”
The sale further strengthens Colliers’ position in the Middle Markets office sector, with the team completing three of the five office transactions over $5 million in Melbourne so far this year.
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