Occupier pays $1.81m for Cremorne office

A modern office building in Melbourne’s inner eastern suburb of Cremorne (Richmond) has sold at auction for $1.81 million through Teska Carson.

Located at 33 Dover Street, about two kilometres from Melbourne’s CBD, the property comprises a 352 sqm three-level office building with a courtyard and city views.

The building covers the entire 130 square metre site, and is close to shops and public transport.

Selling agents, Teska Carson’s Tom Maule and Matthew Feld, said the property sold well above the reserve price.

"This is an outstanding three storey office providing buyers with multiple options based on a flexible ground floor layout which could be partially or fully turned to warehouse or office uses," Maule said.

 The property was sold with vacant possession by a Melbourne based investor and the buyer was an owner occupier.