Tesla Australia take out lease in Cremorne, Melbourne

Tesla Australia take out lease in Cremorne, Melbourne
Tesla Australia take out lease in Cremorne, Melbourne

Electric car industry leader Tesla Australia has leased a Cremorne warehouse in a leasing deal signed over the holiday period.

The near 700 square metre warehouse at 69 Cremorne Street was leased by the electric car company on a two years lease at $118,000 gross plus GST.

Located on the eastern side of Cremorne Street between Swan and Kelso Streets, the freehold property adjoins Kangan Institute and their Richmond TAFE Campus.

It sits on 870 square metres and has a 15 metre frontage to Cremorne Street.

Gray Johnson agent Rory White, who negotiated the leasing, believes the Tesla occupancy is to complement the existing retail store, service centre and supercharger vehicle loading facility that is nearby at 650 Church Street in Richmond.

White said that the building, which was offered for lease and was vacant, attracted significant enquiry.

“The inner-suburban precinct of Cremorne has become a highly preferred destination for creative and specialist businesses including a number in the automotive sector and professional consultancies no doubt due to its proximity to all that adjoining Richmond offers together with its excellent accessibility to major road and freeway connections.

“Gray Johnson held multiple offers to enter into a lease over this property before the Tesla offer was judged as the preferred tenancy option” White says. 

Tesla has a service and supercharging facility nearby in Richmond. 

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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