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425 Docklands Drive, DOCKLANDS VIC, 3008

Sold
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Property Sold in 425 Docklands Drive, DOCKLANDS VIC, 3008

Knight Frank Australia

Level 29, 120 Collins Street, Melbourne, VIC 3000

Listing ID:
11282649
Status:
Sold
Last Updated:
01/05/2020
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Property Type

Offices/Retail
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Land Area

N/A
Icon size

Floor Area

1493 SQM
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Parking

N/A

Fully leased office investment with significant upside

Waterfront City Commercial is a modern boutique 1,493sqm office building, strata titled into 14 bespoke office suites. The property is underpinned by 100% occupancy to a diverse variety of quality tenants of varying lease durations culminating in a WALE of 2.5 years. This secured investment is enhanced via future opportunities for rental growth and home office/residential conversion (STCA).

Located in the increasingly popular area of NewQuay, next to the Docklands Harbour. The suites (all with large balconies) overlook the beautiful NewQuay park and are surrounded by the harbour and The District shopping centre.

• 100% leased investment with strong 2.5 year WALE
• Diversified income stream delivering $438,000 p.a. net
• Significant holding of 1,493sqm (NLA) across 14 individual strata titles
• Potential for individual sell down or home/office conversion (STCA)
• Bespoke office suites all with large balconies over recently completed Newquay Park and with harbour views
• Located opposite the repositioned The District shopping centre and tram stop

This rare opportunity is for sale via an International Expressions of Interest campaign closing 8 March 2018 at 3pm (AEST)

For more details, please email agent

Knight Frank Australia

Level 29, 120 Collins Street, Melbourne, VIC 3000


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