192-Harbour-Esplanade_RGB

192 Harbour Esplanade

192 HARBOUR ESPLANADE, DOCKLANDS, MELBOURNE
PURCHASED OFF MARKET
ACQUISITION PRICE $50,000,000
ACQUISITION DATE FEBRUARY 2022
ARTIFEX ROLE INVESTMENT MANAGER

Click Here to download the Press Release.

A five (5) level building, built in 2004, of 5,778 sqm at 192 Harbour Esplanade. The building is currently 79% leased to single occupier National Broadband Network (NBN), who are wholly owned by the Commonwealth of Australia, with a lease expiry in May 2025.

 

The property has the potential for an immediate rental uplift with the current vacancy, Level 3 (1,219sqm) being fully fitted and ready for occupation. Part of this acquisition was the strategic freehold purchase of the carpark on the podium (levels 3 & 4) of 1000 La Trobe Street and comprises of 163 single marked bays and is 94% leased