120 Harbour Esplanade, Melbourne

Acquisition Price
$conf.

Acquisition Date
2019

Building Size
8,341sqm

Vehicle
Institutional Fund

NABERS Ratings
Energy 4* Water 5.5* Waste 1.5*

120 Harbour Esplanade is a stabilised investment 100% leased to Bendigo and Adelaide Bank for a period of six years at acquisition with a five-year option. The property is located in Melbourne’s strongly performing Docklands precinct, enjoying uninterrupted views over Victoria Harbour.

The property offers a secure income stream with positive accretion initially. Further, the building's specific location is set to benefit from the $225m redevelopment of Marvel Stadium and Harbour Esplanade precinct. Marprop expects this to have a very positive impact on the asset through material improvements to local amenity and connectivity.