Two-levels of strata office/retail space at Docklands’ Waterfront City have 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.
“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,” Ms McIntyre said.
Ms Ma said the property’s location was a key selling factor.
“Offering spectacular views over Melbourne’s harbour, the property is surrounded by upwards of 10,000 local residents, world class hotels, and is only 240m from the District Docklands, which is currently undergoing a $150 million redevelopment,” Mr Ma said.
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.
“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,” Ms McIntyre said.
Ms Ma said the property’s location was a key selling factor.
“Offering spectacular views over Melbourne’s harbour, the property is surrounded by upwards of 10,000 local residents, world class hotels, and is only 240m from the District Docklands, which is currently undergoing a $150 million redevelopment,” Mr Ma said.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2017 revenue). The company has more than 80,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
