A flurry of demand for the Melbourne city fringe’s newest strata office development and premier business destination, Cremorne House.
Standing out from other office developments in the area, where only leasing options are available, Cremorne House presents a rare opportunity to buy and own a brand-new, exclusive private office in the most coveted pocket of Cremorne.
Colliers’ Ben Baines and Matt Knox have, in conjunction with CVA’s Ian Angelico and Ryan Milivojac, sold 30 per cent of the project’s 18 exclusive suites, with an additional office currently under offer.
Selling agent Ben Baines from Colliers said the most recent sale was secured to a local, creative industry owner occupier, which reflected a building rate of $13,171/m2 for an office just under 100m2 on Level 1.
“The buyers of Cremorne House have been predominantly local owner occupiers within creative industries, professional services and family offices. We have also witnessed many businesses looking to relocate to this city fringe location as Cremorne has become a hotspot in recent years,” said Mr Baines.
Development is well-underway of Wilmac’s Cremorne House, located at 6-8 Adolph Street, designed by SJB and Eckersley Garden Architecture and constructed by Coben.
Putting a modern spin to a building inspired by Cremorne’s industrial past, Cremorne House consists of six levels of premium grade offices, with suites ranging from 57sqm to whole floor offerings of approximately 526sqm. An executive-style lobby with a 5-meter ceiling height, hotel quality end-of-trip facilities, conference room and ground floor hospitality.
“Cremorne House reflects an emerging ‘flight to quality’, which we are experiencing across the office sector, where businesses pursue premium spaces that put employees first. Businesses want office spaces that look good, feel good and prioritise well-being,” said Colliers Matt Knox.
“The development is located directly across the road from East Richmond Station and within close proximity to an abundance of hospitality and retail offerings on Church and Swan Streets. The station across the road also provides uninterrupted views for those offices facing north,” Mr Knox concluded.
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