photo: 480 Church St, Cremorne VIC
In a vibrant display of the escalating demand for prime real estate in Melbourne's bustling Cremorne precinct, the iconic 480 Church Street, in Cremorne, is set to make its first appearance on the market in a decade.
This architectural gem, nestled in the heart of Melbourne's most sought-after city-fringe office precinct, is poised to spark a fervent Expressions of Interest campaign, capturing the interest of discerning investors and potential owner-occupiers alike.
For sale through Cushman & Wakefield's Daniel Wolman, Oliver Hay, and Leon Ma, the campaign anticipates considerable attention from a diverse pool of interested parties eager to secure a piece of Cremorne's real estate prestige.
480 Church Street stands as a testament to the ingenuity and forward-thinking design that Cremorne is renowned for. Boasting four levels of innovative architecture, with a Net Lettable area of 1,985 sqm* this property sits on a 559sqm* site with multiple balconies and views of the CBD and surrounding Cremorne location.
Daniel Wolman said “Not only does this property exemplify modern design, but it also perfectly embodies the innovative spirit of its current occupant and owner, luxury residential developer Glenvill.
For the past decade, Glenvill has not only called this building home but has also aligned its groundbreaking design with the company's ethos and commitment to excellence with Len Warson, CEO of Glevill Group reflecting on the firm’s tremendous growth and evolution over the years commenting "We've reached a point of outgrowing our current phase, prompting our decision to sell.”
Mr Wolman said “As we unveil 480 Church Street, anticipation is building, with owner-occupiers eyeing its standout features eagerly. Its prime location offers unmatched convenience to retail, dining, and essential amenities, all within an arm's reach via public transport. Coupled with its avant-garde design, this building distinguishes itself significantly. Given its competitive price point, the team is gearing up for substantial interest in this exceptional market rarity” he continued.
The sale of 480 Church Street comes at a time when Cremorne is experiencing unprecedented demand as a city-fringe office location. With 17 significant developments currently reshaping the landscape of Cremorne, Richmond, and the surrounding areas, the precinct is rapidly becoming the epicenter for forward-thinking businesses and investors. This transformation is a clear indicator of the area's burgeoning potential and its ability to attract high-profile investment.
Mr Wolman believes this listing presents a rare opportunity for those looking to invest in a property that truly stands out from the crowd.
“Its architectural distinction, coupled with its prime location in Melbourne's most dynamic and evolving precinct, positions 480 Church Street as an attractive proposition for both potential owner-occupiers and astute investors”.
*Approximate
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.
