100 Green St 4,607 SF Office Building Cremorne, VIC 3121 $2,627,320 ($570.29/SF)

This is a rare opportunity to acquire a fully leased, high-quality commercial freehold in Cremorne, one of Melbourne’s most tightly held and sought-after business precincts. Cremorne is widely regarded as Victoria’s “Silicon Valley,” home to major technology and creative companies such as SEEK, REA Group, CarSales, and MYOB, and located on the immediate fringe of Melbourne’s CBD.
The property is a prominent three-level stand-alone building featuring an architecturally designed, premium-grade fit out and outstanding presentation throughout. It includes a highly functional modern workspace with strong staff amenity and an expansive rooftop breakout and entertainment terrace. Land area is approximately 185 sqm with a gross building area of approximately 428 sqm.
The asset is fully leased, providing secure and passive income. A new 5-year lease commences on 1 January 2026, with a further 5-year option, under a net lease structure where the tenant pays all usual outgoings. Current net income is $227,000 per annum, with fixed annual rent increases of 4%, ensuring strong rental growth. The tenant is Freddy, an established Italian athleisure brand with a 50-year international history, specializing in technically advanced apparel designed for movement, comfort, and flattering fit. The brand’s global presence and longevity underpin the strength of the covenant.
Investment highlights include a blue-chip Cremorne location, fully leased status, strong rental growth profile, and the scarcity of stand-alone freehold offerings in this tightly held precinct. This property combines long-term income security with a premium location in one of Melbourne’s most dynamic commercial hubs.