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Docklands Median Price
House$1,487,200
Unit$771,400
The House price is 3% higher than last year.
Surrounding suburbs
Melbourne$590,000
Port Melbourne$1,603,000
South Melbourne$1,638,200
Southbank$946,700
West Melbourne$1,376,000
Docklands 3008 Profile
Docklands rent price
A4/54 Newquay Promenade, Docklands
Sold $1,725,000 in Dec 2003 [Rectify]
Commercial Property
Land size: 3,446 sqm | Building size: 236 sqm [Measure]
Distance: 1.9 km to CBD; 916 metres to North Melbourne Station [Transport]

Neighbour Photos
Map | Nearby prices
Property Description:
Prized Waterfront Investment
MP Burke Commercial is delighted to offer for sale this prized investment leased to award winning Bhoj Indian Restaurant. Bhoj has been operating in Melbourne for over 20 years, including over 12 years in the current location of 54 New Quay Promenade, making it one of Docklands most well established businesses.

The property is exceptionally well positioned in the heart of the New Quay precinct, which is home to a large number of residential apartments, hotel accommodation (Four Points By Sheraton, Grand Mercure, The Sebel), corporate offices, retail and public spaces. Property includes two large walkway frontages and uninterrupted views of Victoria Harbour and the magnificent Melbourne skyline. Walking distance to trams, Melbourne Star, Waterfront City, Harbour Town Shopping Centre, Etihad Stadium and Melbourne CBD.

Includes internal area of 236sqm which has been fully fitted with large open floor dining with bi-fold doors throughout, fully-fitted commercial kitchen and bar, additional 14sqm storage cage, and exclusive use of outdoor dining area.

Other key features:
High yielding blue chip waterfront investment
Located in the heart of New Quay Promenade with two large frontages
Net Rental: $120,000 pa (escalated annually)
Lease Term: 5 + 5 + 5 + 5 years (commencing 1st March 2016)
Leased to award winning Bhoj Indian Restaurant
Impressive freehold including exclusive alfresco outdoor dining area
Search neighbour's planning permit
Property report from Government
Recent sold:
AddressDatePrice
1803/81 South Wharf DriveMay 2024$1,320,000
908/421 Docklands DriveMay 2024$362,000
903/103 South Wharf DriveMay 2024$850,000
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The property data is from the auction results and realestate websites.

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