![]() Asset Class: | Retail |
![]() Price: | $ 1800000 |
![]() Net Yield: | 6.62 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: | On Market |
<p style=""><span style="color:rgb(0, 0, 0);">This prime ground-floor tenancy at 108 River Esplanade Docklands offers a rare investment opportunity with exceptional upside potential. Currently leased to the well-established and highly successful hospitality operator, The Espressonist and FOMO Bar & Grill, the property presents a secure, long-term income stream with a new 5-year lease commencing January 2025, plus further options.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);">Spanning 250sqm with outdoor seating and 2 secure car parks on title, the space enjoys high exposure in a prime location within Mirvac’s Array Building. The tenancy benefits from an excellent outlook over the Docklands Marina and Melbourne's CBD, attracting a significant foot traffic from the bustling Yarra’s Edge residential, entertainment, and commercial precinct.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);">The property is also zoned for Docklands, providing future leasing flexibility, tenant pays all outgoings, except land tax and management fees, and the current rental of $125,000 p.a. net, with annual fixed 2.5% rental reviews, ensures strong returns. This is an exceptional opportunity for investors seeking a high-yield, prime location with long-term growth prospects.</span></p>
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River Esplanade in Docklands is a prime waterfront precinct in Melbourne, renowned for its modern architecture, city skyline views, and seamless connectivity to key business districts. Located less than 2km from Melbourne’s CBD, Docklands is a thriving hub for professionals, residents, and visitors, offering a blend of residential, commercial, and recreational spaces. The area is home to approximately 17,000 residents, with a population primarily composed of young professionals and expatriates. The median unit price in Docklands sits at around $600,000, reflecting strong rental demand due to its proximity to the CBD and premium lifestyle offerings.<br><br>Transport connectivity in Docklands is exceptional, with multiple tram lines servicing the area within the free tram zone, and Southern Cross Station providing regional and interstate connections. Major roads such as Wurundjeri Way, Footscray Road, and CityLink ensure easy access to greater Melbourne, making the precinct highly accessible for commuters and businesses alike.<br><br>The area is well-supported by retail and lifestyle amenities, including The District Docklands, a major shopping and entertainment hub, and Spencer Outlet Centre, offering discounted retail options. Dining and entertainment thrive along South Wharf and NewQuay Promenade, where waterfront restaurants, bars, and cafés create a vibrant social atmosphere. Iconic venues such as Marvel Stadium host sporting events and concerts, while Hoyts Docklands and O’Brien Icehouse provide year-round entertainment. Outdoor and recreational spaces such as Docklands Park, Victoria Harbour Promenade, and Marina Yarra’s Edge offer opportunities for walking, cycling, and water activities along the Yarra River.<br><br>The future of Docklands is shaped by ongoing urban renewal and infrastructure projects, with continued high-rise residential and commercial developments driving property values. The nearby Fishermans Bend Urban Renewal Project is set to create additional employment opportunities and further enhance connectivity. Sustainability initiatives in the precinct include energy-efficient buildings and waterfront environmental programs, reinforcing Docklands as a modern, eco-conscious urban destination.<br><br>With its unparalleled location, world-class amenities, and strong investment potential, River Esplanade in Docklands stands as one of Melbourne’s most desirable waterfront precincts, offering a premium lifestyle with exceptional convenience and long-term
Additional Location Information File<span style="color:rgb(0, 0, 0);font-weight:normal;">The Espressonist + FOMO Bar & Grill are highly regarded hospitality operators renowned for their dynamic and innovative offerings in Melbourne's thriving dining scene. Their Docklands location combines the best of both brands, offering a unique blend of quality coffee and contemporary dining within a vibrant and bustling environment.</span><br><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">The Espressonist is a celebrated specialty coffee provider, known for its premium coffee blends and commitment to excellence in the coffee industry. With a strong local following and a reputation for high-quality service, The Espressonist has built a loyal customer base, making it a sought-after destination for coffee enthusiasts and casual diners alike.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">FOMO Bar & Grill complements this by offering a vibrant dining experience, with an extensive menu focusing on high-quality meats, fresh seafood, and a carefully curated selection of craft cocktails and beverages. FOMO has made its mark by combining a relaxed, yet sophisticated atmosphere with exceptional food and drink options.</span></p></li></ul><br><span style="color:rgb(0, 0, 0);font-weight:normal;">Together, these two brands create a compelling combination, providing a diverse and appealing offering that attracts a wide demographic, from local residents to business professionals and visitors. Their reputation for quality and innovation makes them a key tenant in the area, driving consistent foot traffic and contributing to the overall vibrancy of the Docklands precinct.</span><br><br><span style="color:rgb(0, 0, 0);font-weight:normal;">The Espressonist + FOMO Bar & Grill's successful track record, combined with their strong brand presence, makes them an ideal tenant for this prime Docklands location, ensuring long-term tenancy stability and continued growth. Their establishment in the heart of the Yarra’s Edge residential and lifestyle precinct further solidifies their position as a go-to destination for both dining and social experiences.</span>
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Ground, 108 River Esplanade, Docklands VIC 3008 $120,000 250sqm $500psqm 66 Newquay Promenade, Docklands $130,000 280sqm $464psqm 75-77 Batmans Hill Dr, Docklands $180,000 285sqm $632psqm 50 Lorimer Street Docklands $90,000 200sqm $450psqm 298-300 Bay Street, Port Melbourne $87,224 172sqm $507psqm 321 Bay Street, Port Melbourne $64,890 132sqm $492psqm 168 Rouse Street, Port Melbourne $74,460 110sqm $677psqm 259-261 Coventry Street, South Melbourne $174,648 408sqm $428psqm 217-223 King Street, Melbourne $90,000 143sqm $629psqm
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Leased to The Espressonist and FOMO Bar & Grill, an established, high-profile hospitality operator with a proven track record of success.</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Brand-new 5-year lease starting January 2025, with additional options for long-term security.</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;"><i>Current rental income of $125,000 p.a. net</i></span><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">, with annual fixed 2.5% rental increases, ensuring stable growth.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Exceptional views over the Docklands Marina and Melbourne’s CBD, offering a stunning outlook and an attractive environment for tenants.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Surrounded by a thriving residential, entertainment, and commercial population, ensuring a steady flow of foot traffic and business.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Prime ground-floor tenancy of 250sqm*, featuring expansive outdoor seating and high-visibility exposure.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Tenant responsible for all outgoings, excluding land tax and management fees, ensuring minimal landlord involvement.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Located within Docklands Zoning, providing excellent long-term development and leasing prospects.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Situated on the ground floor of Mirvac’s Array Building in the vibrant Yarra’s Edge residential and lifestyle precinct.</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Two secure car parks on title for added convenience and value.</span></p></li></ul>