Docklands' Waterfront City has strengthened its reputation as a prime real estate location after two levels of strata office/retail space in area were sold for $4.1 million.

Located at 116 Newquay Promenade, Docklands, the 937sqm property features floor to ceiling windows and was sold with vacant possession. 

CBRE’s Ashley McIntyre and Leon Ma, together with Paul Sutherland and Paul Farrelly of Sutherland Farrelly, sold the property on behalf of the private vendor to a domestic investor. 

Mr Ma said the location was a key selling factor. 

“Offering spectacular views over Melbourne’s harbour, the property is surrounded by upwards of 10,000 local residents and world class hotels," he said.

"It is also only 240 metres from the District Docklands, which is currently undergoing a $150 million redevelopment."

Ms McIntyre said there had been no shortage of prospective buyers for the space.

“We received interest from a wide variety of users, including hospitality, catering, sporting and tourism operators, and conducted more than 25 inspections throughout the campaign,” she said.

Source: CBRE

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