511S / 750 BOURKE STREET, DOCKLANDS VIC
1 BEDROOM APARTMENT 1 BATHROOM | 7.62% GROSS RETURN
Secure this one-bedroom investment at Quest Docklands, ideally located in the heart of the Docklands business district, close to Southern Cross Station, Marvel Stadium, waterfront restaurants, cafés and the marina. Offering a one-bedroom apartment with one bathroom, this property provides comfortable accommodation within the established Quest Docklands complex.
RECENTLY UPDATED NEW CARPET, PAINT AND TILES IN 2025.
LEASE DETAILS
Price: $390,000
Current Rent: $29,725.87 p.a. / $572 p.w.
Gross Return: 7.62%
Net Return: 6.84%
RENT INCREASES
September 2027: +4% = $30,914.90 p.a. 7.93% Gross
September 2028: +4% = $32,151.50 p.a. 8.24% Gross
September 2029: +4% = $33,437.56 p.a. 8.57% Gross
Lease: To 2030 with 2 further 5-year options remaining
Rent Increases: 4% each September, subject to lease terms
OWNER OUTGOINGS
Owners Corporation Maintenance Levy (OC3): $653.52 p.a.
Council Rates: $1,268.87 p.a.
Water Rates: $1,110.85 p.a.
Total Approximate Outgoings: $3,033.24 p.a.
PROPERTY FEATURES
One-bedroom apartment with one bathroom
New carpet, paint and tiles completed in 2025
Located within the established Quest Docklands complex
Close to Southern Cross Station and Marvel Stadium
Convenient access to Melbourne CBD, restaurants, cafés and waterfront attractions
With scheduled 4% annual rental increases through to September 2029 and a lease extending to 2030 with 2 further 5-year options remaining, this property offers investors an opportunity to secure established rental income with scheduled rental growth in a prime Docklands location.
DOCKLANDS LOCATION
Quest Docklands is positioned in the heart of Melbourne's Docklands business and waterfront precinct, within walking distance of Southern Cross Station, Marvel Stadium, restaurants, cafés and the marina.
Marvel Stadium is nearby for major sporting events, concerts and entertainment, while the surrounding Docklands precinct offers waterfront dining, retail and convenient connections to Melbourne CBD.
Please note some images may be generic and not of exact lot
For more information, please contact:
Mandy Fountain
Director & Licensed Real Estate Agent
Ph: 0408 103 010
Mandy Fountain specialises in Serviced Apartment Sales across Australia, with a sound understanding of lease structures and tenant and owner obligations.
DISCLAIMER
The information provided herein, and any further information supplied, is for general information purposes only and is not to be construed as investment, legal or taxation advice. Potential purchasers are encouraged to seek independent professional advice to determine whether this type of investment is suitable for their needs. The information has been provided by the vendor or third parties and has not necessarily been independently verified. Prospective purchasers should conduct their own due diligence, including reviewing the contract of sale, lease, rental arrangements and outgoings. No representation or warranty is made as to the accuracy or completeness of the information, and all interested parties should rely on their own enquiries and assessment.
