6 AdolphSt & 5 PearsonSt
CREMORNE
Two (2) retail investment offerings on the ground floor of Cremorne House, Cremorne’s newest building
Individually titled offerings, providing ultimate flexibility to buy individually or together
Returning $51,200 and $21,375 per annum respectively, both with fixed annual increases
Situated within Melbourne’s hottest precinct
Colliers and CVA are pleased to present two (2) 100% leased investment opportunities in Cremorne’s newest building, Cremorne House.
Crafted by renowned developer Wilmac and designed by SJB Architects, these investments boast separate titles, providing flexibility to acquire together or individually. Both properties offer long-term leases with multiple option periods and attractive depreciation tax benefits.
Situated in the heart of Melbourne’s hottest precinct, these opportunities offer immediate access to Swan Street and Church Street while also benefiting from the East Richmond Station foot traffic.
Investment Highlights:
“Little B by Bruno & Co” – Ground Floor, 6 Adolph Street, Cremorne
• Meticulously integrated within the ground floor lobby, the cafe boasts over 13 metres of street frontage, with direct exposure to East Richmond train station.
• Building on the highly successful Bruno&Co. name in High Street, Armadale, the ground floor cafe is tenanted by well renowned Little B by Bruno&Co.
• Five (5) year lease in place with multiple options until 2034
• Brand new premium grade café fit out in place with excellent depreciation benefits on offer.
Asset Type: Ground Level Café
Building Area: 56m2 (approx)
Tenant: Vito’s on High Street Pty Ltd trading as Little B by Bruno
Annual Rent: $51,200 p.a plus GST & Outgoings
Lease Term: Five (5) years
Further Terms: One further term of two (2) years then one additional term of three (3) years
Annual Increases: 3.5% and market review at commencement of further term(s)
Security Deposit: $11,400 plus Directors Guarantee
5 Pearson Street, Cremorne:
• Located on the ground floor of Cremorne House, 5 Pearson Street, Cremorne provides secure income, servicing all occupiers within the development.
• Leased to the Owners Corporation, being operated as a communal boardroom / conference centre.
• Ten-year lease in place with multiple options until 2044
• Brand new fit out and prominent street frontage along Pearson Street
• Offers generous depreciation allowances
Asset Type: Conference Centre
Building Area: 29m2 (approx)
Tenant: Owners Corporation No. 1 PS902518F
Annual Rent: $21,375 p.a plus GST & Outgoings
Lease Term: 10 years
Further Terms:
Two (2) further terms of five (5) years
Annual Increases: 3% and market review at commencement of further term(s)
Ground Floor, 6 Adolph Street, Cremorne and 5 Pearson Street, Cremorne are available via Deadline Private Sale closing Thursday May 16th, 2024, at 3pm (AEST).
To arrange an on-site inspection, please contact a team member of the exclusive sales agents, Colliers and CVA: Ben Baines ben.baines@colliers.com
