Stonebridge are pleased to confirm the off-market transaction of 150 Cremorne Street, Cremorne.

The 265 sqm* strata shop was within the $1 billion-dollar The Malt District Caydon development which is approximately 60%* completed. The property was offered as a cold shell and requiring a full fit-out.

The property was sold off-market by the Stonebridge team who upon canvassing for other assets were able to identify the buyer and identify that they were a hand-in-glove buyer for 150 Cremorne Street, Cremorne. Upon the team leveraging the local strata sales rates from several nearby projects the buyer saw value in the property.

Agent Comment:

Max Warren manager at Stonebridge commented “The property had been available for lease for an extended period given the nature of the COVID leasing market. We were able to identify a hand in glove buyer and present an offer to the vendor. With record low interest rates, occupiers are still looking to purchase vs rent given the affordability to access funding.”

For any questions regarding the sale, please contact Stonebridge Property Group:

Max Warren
0488 296 892

Dylan Kilner
0459 396 341

Julian White
0422 764 137

Property Code: 573