Colliers presents one of Cremorne’s few large-scale office opportunities with future development potential
A substantial freehold office building in Cremorne has been listed for sale, offering a rare combination of short-term income and significant future development potential. The three-storey office providing 1,494sqm of net lettable area at 11 Newton Street is being marketed by Colliers agents Alex Browne, Ben Baines and Eddie Foulkes, and represents one of the few owner occupier HQ opportunities over >1,000sqm NLA to be made available to purchase in the precinct this year.
The property is currently leased to two tenants, with both leases expiring in November 2025 with no further options, providing a clear pathway for owner occupation. Set on a substantial landholding of 1,062sqm with 22 metres* of street frontage, the property also offers development optionality (STCA).
The building features high-quality creative office fitouts, polished concrete floors, glazed façade, and large terraces. The floorplates are easily divisible, catering to a range of tenant or owner-occupier needs, and well-aligned with the character and functionality sought after in Cremorne’s evolving commercial landscape.
“There is a shortage of readily available office owner occupier opportunities over 1,000sqm in Cremorne,” said Alex Browne, Associate Director at Colliers | Investment Services. “Owner occupiers are drawn to the precinct which has established itself as Melbourne’s HQ hub and is home to multiple national and international occupiers.”
“Cremorne continues to evolve through a combination of amenity offering, connectivity and best-in-class development,” said Eddie Foulkes, Executive at Colliers | Investment Services. “There is over 60,000sqm of new office space currently under construction across five major projects with early tenant commitments being secured. 11 Newton Street offers the rare opportunity for an owner occupier to acquire and utilise the property for their own business needs while maintaining flexibility to unlock future value through redevelopment.”
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