Strata offices coming to prominent South Melbourne corner
The strata office component of the proposed mixed use Emerald Place project at the high profile corner of Clarendon and York streets, in South Melbourne, is being offered by the developers.
Ten of the 12 suites are available – on levels one and two of the building, they range from 102-462 square metres, with corner units having balconies.
Each also has between one and five car parks.
Asking prices range between $1.53-6.1m – or between $12,500-$13,000 per sqm.
Cushman & Wakefield’s Anthony Kirwan, George Davies and Jeff Ha are the agents.
Emerald Place, also with retail and 36 apartments, is earmarked for a 2563 sqm amalgamation of sites Lowe Living picked up for $29.5m on a long settlement last year; one of the assets had been held decades.
Icon Developments, which was bought by Japan’s Kajima Corporation in 2015, is development partner (story continues below).
Emerald Place
Covering 182-200 Clarendon Street and 90-94 York, Emerald Place strata office occupants will have use of end of trip facilities.
The location is also walking distance to the Anzac station, part of the Metro Rail project, due for completion in 2025, which will connect the area to Arden, at North Melbourne via two CBD stops and Parkville.
“Emerald Place addresses the pressing demand for high quality office spaces available for private ownership in South Melbourne,” Mr Kirwan said.
“Small and medium sized businesses in the area now have the opportunity to own an asset that matches the quality and amenities of the best buildings in the region,” he added. “With so many businesses in South Melbourne paying exorbitant rents ranging from $500-$700 per sqm [per annum], Emerald Place stands out as a pioneering project”.
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