Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
Overview
100 GREEN STREET
This property presents an exceptional opportunity to acquire a premium, fully leased standalone commercial building located in the heart of Cremorne, a highly sought-after and tightly held business precinct in Melbourne. Cremorne is renowned as Victoria's Silicon Valley or Silicon Yarra, recognized for its dense concentration of global technology leaders, innovative startups, and creative enterprises. The precinct hosts major tenants such as SEEK, REA Group, CarSales, and MYOB, underscoring its status as a premier commercial location just on the fringe of Melbourne's Central Business District.
The building itself is a prominent three-level standalone structure with a total land area of approximately 185 square meters. The ground floor features a car park with a gross building area (GBA) of about 185 square meters. Both the first and second floors are dedicated to office spaces, each with a GBA of approximately 185 square meters and a net lettable area (NLA) of 137 square meters. The building boasts an architecturally designed, premium-grade fit-out, offering outstanding presentation throughout. It provides a highly functional modern workspace with strong staff amenities, catering to contemporary business needs.
The tenancy is fully leased since 2021, with a secure 5-year lease commencing on 1 January 2026, including a further 5-year option. The lease is a net lease, meaning the tenant is responsible for all usual outgoings. The current net income generated from the property is $227,000 per annum, with fixed annual rent increases of 4%, ensuring a stable and growing income stream.
The tenant operates under the brand Freddy, an established Italian athleisure company with a 50-year international history. Freddy specializes in technically advanced apparel designed around movement, comfort, and flattering fit. The brand's longevity and global presence provide a strong covenant, adding to the investment's security.
Investment highlights include the blue-chip Cremorne location, fully leased status providing passive net income, a strong rental growth profile, and a high-quality modern building with long-term relevance. This property is a scarce standalone freehold offering in a tightly held precinct, making it a rare and valuable asset for investors seeking exposure to Melbourne's vibrant commercial market.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Cremorne VIC 3121
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 555 m² |
Market Insights for Cremorne VIC 3121
Other properties in this postcode
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
