Colliers launch 84 Cubitt Street, Cremorne for sale for the first time under instructions from Cor Cordis as agents for the Mortgagee in Possession.
Colliers agents Ben Baines, Alex Browne and Eddie Foulkes have been appointed to sell 84 Cubitt Street, Cremorne, known as Cubitt Street Tower, under instructions from Cor Cordis as agents for the Mortgagee in Possession.
Completed in 2021 and designed by acclaimed Pandolfini Architects, the seven-level, award-winning mixed-use property spans a 966sqm* NLA and features a luxury fashion showroom, six levels of premium office accommodation and a rooftop terrace with sweeping city skyline views.
Paying homage to Cremorne’s industrial heritage, the building showcases bush-hammered concrete, polished concrete floors, brutalist and gothic design influences, and a fully glazed façade providing abundant natural light and panoramic views. It also boasts strong ESG credentials with integrated solar and heat recovery systems, plus 62 secure basement and on-grade car parks.
Cubitt Street Tower is 79%* leased to leading Australian fashion designer and an IT consulting agency, with an estimated fully leased rental of $692,252 per annum. With flexible ~200sqm* floorplates, separate floor titles, significant depreciation benefits and minimal forecast capital expenditure, the property offers multiple asset management and exit strategies.
Positioned within Cremorne’s thriving commercial precinct just 3km from Melbourne’s CBD, the site benefits from excellent connectivity, just 500m* to the Monash Freeway, 600m* to East Richmond Station, and within walking distance to Swan Street, Church Street, and Melbourne’s sporting precinct.
Alex Browne, Associate Director, Colliers | Investment Services, said, “Driven by insatiable demand, Cremorne has undergone a transformation over the past decade, evolving into Melbourne’s premier city-fringe office market. Its appeal lies in offering quality accommodation, unrivalled accessibility and a wealth of amenities, all within close proximity to the CBD.”
Ben Baines, Director, Colliers | Investment Services, added, “Cremorne is leading the way in the city-fringe market, with strong leasing demand particularly for sub-300sqm tenancies where net face rents now exceed $750/sqm. Investor appetite is surging off the back of stabilising interest rates, with transaction volumes in H1 2025 up 98% on the prior year.”
“It is extremely rare to see an asset of this quality offered below $15 million. Completed just four years ago, Cubitt Street Tower represents one of Cremorne’s finest buildings and a prime opportunity for investors to capture rental reversion with a short WALE.”
Cubitt Street Tower is being offered for sale via International Expressions of Interest closing Wednesday 8 October at 2pm (AEST).
Related Articles
