Stonebridge Property Group is pleased to present 16 Dover Street, Cremorne for sale via Public On-Site Auction.

16 Dover Street, Cremorne, is a flexible freehold warehouse/office/showroom with short-term holding income from a charitable organisation, ideally suited for an owner-occupier, value-add investor or landbank play.

The property's value is underpinned by its central location in vibrant Cremorne, bookended by two thriving retail strips and train stations.

Key highlights of the opportunity include:

• A functional single-level freehold building with creative fit out in place, polished concrete, ample natural light via multiple skylights on 2 sides plus rear roller door access
• A strategic 266 sqm* landholding with the ability to add value via re-purpose, re-fit, value-add, or development upside (STCA)
• Expansive street dual presence with over 9.1 m* of frontages to Dover Street & Dove Street at the rear, allowing for significant development efficiencies and/or retail activation
• Dynamic mixed-use location makes it ideal for creative studios, builders, plumbers, marketing agencies, architects and engineering businesses, start-ups, family businesses, accountancy and legal firms, plus more
• 3+ internal secure car parks on-site, a rarity in this pocket of Cremorne, as well as storage and end-of-trip facilities including shower
• In the midst of Cremorne’s lifestyle and culture, the property distinguishes itself as a secure business home within the orbit of tech companies, creative agencies, and startups like MYOB, SEEK, Adidas, REA Group and Tesla
• Hyper-connected to transport and lifestyle amenity and supported by Richmond and East Richmond Trains, Swan Street Tram (300 m*), Swan Street Retail Hub (350 m*), AAMI Park (700 m*), Melbourne Cricket Ground (1 km*) and Main Yarra Trail (700 m*)
• Leased to Good Deliveries – a charitable organisation in the delivery and logistics industry. Under the current agreement, the tenant provides a land tax exemption over the property**
• Month-to-month rental agreement at $110,000* per annum + GST
• Rare opportunity to secure a freehold warehouse building in one of Melbourne's most in-demand commercial/mixed-use precincts

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

*Approximately

** Subject to satisfying the State Revenue Office exemption policy