Glenvill director lists swank Melbourne HQ
Glenvill director Len Warson is selling the swank Cremorne office he designed to better the glamorous Manhattan digs of Harvey Specter in TV show Suits.
More than $20 million is expected for the four storey building at 480 Church Street, on the south west corner of Adolph, near East Richmond station.
Completed eight years ago it contains 1985 square metres of Premium grade space.
Office floorplates are between 390-450 sqm; the upper levels, with balconies, capture city skyline views.
This component is also vacant.
The ground floor is configured as a retail tenancy and leased to National Tiles.
There are 32 basement car parks too.
Mr Warson paid $3.85m for the 559 sqm Business 3 zoned block which made way office in 2014.
The asset still holds development upside, according to Cushman & Wakefield’s Daniel Wolman, Oliver Hay and Leon Ma, with the potential to add several more floors.
Following the sale of 480 Church St, Glenvill intends to upsize in the area (story continues below).
Near new with development upside
Cremorne, about two kilometres east of town, sharing the same postcode as Richmond, is considered one of Melbourne’s most exclusive areas to rent or buy offices.
In the area Fortis is behind a nine storey office proposal, part of which will act as Adidas’ headquarters, while Time & Place and MaxCap are seeking to replace a former TAFE car park with a commercial building of 12 floors, with 15,000 sqm of A-grade area.
Alfasi Group meanwhile is intending a mixed-use base project with a hotel on part of the ex-Bryant & May match factory it bought in 2022.
Salta Group and Vicland have also in recent years lined up Cremorne sites for commercial projects.
Skylife Group, led by Sydney’s Tartiak family, is another developer in the pocket, creating a block in stages on Balmain St.
Larry Kestelman also holds a prime Cremorne parcel on Green St set for an office to act as the National Basketball League headquarters.
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