FOR SALE: Fully Let City Fringe Office Yielding 6.25%, Sub $5,000/sqm (NLA)

Lemon Baxter in conjunction with Knight Frank are pleased to offer for sale this outstanding investment opportunity comprising of 14 office suites. The suites are located within Waterfront City, an established Retail and Residential precinct to the west of the Melbourne CBD.

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)

Agent

Paul O'Sullivan

Paul O'Sullivan

Director

0412 410 366

business_phone 03 9699 7500

Contact Agent

Jay Pavey

Jay Pavey

Director - Commercial Sales and Leasing

0412 566 962

business_phone 03 9699 7500

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Property Information

  • Land Size 1800 m2
  • Building Size 1493 m2
  • Type Offices

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FOR SALE: Fully Let City Fringe Office Yielding 6.25%, Sub $5,000/sqm (NLA)

Docklands 425 Docklands Drive

FOR SALE: Fully Let City Fringe Office Yielding 6.25%, Sub $5,000/sqm (NLA)

Undisclosed

Property Type: Offices

Building Area: 1493 m2 

Land Area: 1800 m2 

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