SOLD
Sold on 28 Mar 2024 for $250,000

1225/401 Docklands Drive
Docklands VIC 3008

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2522m2
Sold By
Lucas Real Estate
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Property Details for 1225/401 Docklands Dr, Docklands

Building Type
Commercial
Land Size
2522m2
Local Government
Melbourne
Lot/Plan
1225/PS523477

Last Listing description (May 2024)

Dazzling with the perfect NewQuay precinct location which has you only steps to The District Docklands and restaurants on the harbour, this sensational office space is the commercial opportunity youve been waiting for.

The office itself enjoys 66 sqm (approx.) of total space
Current rental returns of $21,500 per annum plus GST

The returns are sure to attract those with investment aspirations
Also ideal for anyone running a business who wants a functional and light-filled space
Entry has plenty of space for a dedicated reception area
Well-sized and open-plan main office zone
Two private offices at the front and rear, with the rear delivering fantastic views!
Ducted heating and cooling
Communal facilities on each level maintained by the owners corporation including a kitchenette and toilets
Access to gymnasium, steam room, lockers, and showers
Bike storage
Building concierge

LOCATION
Near The District Docklands which features Hoyts Cinemas, Woolworths supermarket, Dan Murphys, Chemist Warehouse, and a wide range of specialty shops & restaurants. Youre also close to Capital City Trail, Docklands Primary School and kindergarten, Marvel Stadium, leading universities, trams including the free City Circle line, Southern Cross Station, and a short walk to the Port Phillip Ferries.

All information including the internal and external property area (floor size, address, and general property description) on the website has been provided to Lucas Real Estate by third parties.
Information contained on the website should not be relied upon and homebuyers are encouraged to undertake due diligence before a property purchase.

Please contact Mark Sutherland on 0418 691 585 to discuss this property further

Property History for 1225/401 Docklands Dr, Docklands, VIC 3008

A timeline of how this property has performed in the market
Last Sold
$250,000
28 Mar 2024
Listed for Rent
$23k/w
26 May 2023
  • 28 Mar 2024
    Sold for $250,000
  • 07 Feb 2024
    Listed for Sale $260,000
  • 26 May 2023
    Listed for Rent $23,000 / year
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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 15,618 properties. Over the last 5 years, Houses in Docklands have seen a -51.20% decrease in median value, while Units have seen a -9.46% decrease. As at 31 October 2024:

  • The median value for Houses in Docklands is $1,032,525 while the median value for Units is $590,125.
  • Houses have a median rent of $660 while Units have a median rent of $650.
There are currently 88 properties listed for sale, and 50 properties listed for rent in Docklands on OnTheHouse. According to CoreLogic's data, 684 properties were sold in the past 12 months in Docklands.

Suburb Insights for Docklands 3008

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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.