JLL Office Investments has the exclusive privilege of offering for sale this brand new office building in Melbourne’s most coveted commercial precinct, Cremorne.
Underwritten by quality tenant covenants and strong depreciation benefits, 19 Cubitt Street presents a truly unique opportunity.
Key details of the opportunity include:
A Brand New Office Building
+ A brand new, meticulously designed 7-storey office and retail building + an incredible rooftop
+ Side core configuration and floor to ceiling windows flood the building with natural light
+ Private meeting/boardrooms and EOT pods available to all tenants
+ A highly integrated post covid layout creating a true community office environment
Versatile & Reliable Income Stream
+ 83% leased to five professional service businesses, providing a versatile income stream
+ All first generation leases all with additional options and fixed rental reviews
+ Estimated fully leased net income of $960,966 per annum*
Cremorne – Melbourne’s Most Attractive Commercial Location
+ Cremorne is inarguably Melbourne’s most active office tenant market, with consistent leasing transactions of $700/sqm+ net being achieved
+ A precinct endorsed by numerous high-profile businesses, including Adidas, Reece, Decjuba, MYOB, Seek, Carsales.com and many more
+ A hyper-connected Fringe location, being within 400 metres* of Richmond & East Richmond Train Stations
This is your opportunity to secure a future proofed investment asset that presents one of very few new sub $20m whole office buildings to be sold in the past 5 years.
*Approx.
19 Cubitt Street, Cremorne is For Sale by International Expressions of Interest closing Thursday 18 April 2024 at 2pm (AEST).
Please contact the exclusive selling agents to obtain further information or arrange an inspection.
Tim Carr | 0415 767 915
Josh Rutman | 0411 27 37 46
Nick Peden | 0402 011 266
MingXuan Li 李名轩 | 0498 688 998
