FOR SALE
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57 Merchant Street
Docklands VIC 3008

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 93m2
Land area: 2662m2
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High exposure Blue Chip commercial investment opportunity in the heart of Docklands

A fantastic retail and office space in Docklands located less than 10 minutes away from Southern Cross Station, with quick access to the Melbourne CBD and Collins St tram network.
Neighbouring The District Docklands Shopping Centre and Melbourne Star and surrounded by a number of quality national tenants such as Woolworths, Hoyts, H&M and Costco
Operating as dental clinic currently leasing at $73,800 per annum plus GST and outgoings.
Easy main road access and nearby apartment complexes, restaurants and position in a catchment area drive further exposure and passing foot traffic, offering a great opportunity for growth.
In close proximity to some of Melbourne's popular attractions and venues including Marvel Stadium, South Wharf DFO, the Melbourne Convention and Exhibition Centre (MCEC).

Property Details for 57 Merchant St, Docklands

Building Type
Commercial
Floor Size
93m2
Land Size
2662m2

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About Docklands 3008

The size of Docklands is approximately 2.8 square kilometres. It has 12 parks covering nearly 5.3% of total area. The population of Docklands in 2011 was 5,790 people. By 2016 the population was 10,974 showing a population growth of 89.5% in the area during that time. The predominant age group in Docklands is 20-29 years. Households in Docklands are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Docklands work in a professional occupation. In 2011, 36.4% of the homes in Docklands were owner-occupied compared with 34.5% in 2016.

Docklands has 15,824 properties. Over the last 5 years, Houses in Docklands have seen a 11.50% increase in median value, while Units have seen a -1.93% decrease. As at 31 August 2024:

  • The median value for Houses in Docklands is $2,223,622 while the median value for Units is $610,854.
  • Houses have a median rent of $680 while Units have a median rent of $650.
There are currently 72 properties listed for sale, and 51 properties listed for rent in Docklands on OnTheHouse. According to CoreLogic's data, 710 properties were sold in the past 12 months in Docklands.

Suburb Insights for Docklands 3008

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Anna Dao
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Richard Miller
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Raine & Horne Footscray
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.