Gainsville, 10R, Level 2/7 Riverside Quay (Eureka Tower),
Southbank, VIC 3006
Shops & Retail • Offices
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
Map of Gainsville, 10R, Level 2/7 Riverside Quay (Eureka Tower)
Att: $350k + Buyers - Retail/Office Integrated within Gainsville's Signature Showroom
- Iconic Eureka Tower Investment
- New 3 Year Lease plus options to 2028
- Tenant Pays All Usual Outgoings
Burgess Rawson is pleased to offer to the market 10R, Level 2/7 Riverside Quay Southbank VIC for sale via Investment Portfolio Auction 156.
The property has the following investment highlights:
+A unique entry level opportunity to invest in one of Australia’s most well-known 297m skyscrapers.
+Gainsville Furniture: premium furniture retailer with multiple locations across Melbourne.
+Renewed 3-year lease to longstanding tenant Gainsville in occupation 15+ years.
+Versatile 80sqm* retail/office space integrated into Gainsville's signature showroom, would suit variety of uses including showroom or stand-alone office.
+Landlord-favourable, set-and-forget lease structure with tenant paying all usual outgoings.
+Strategic positioning located just 450m* from Crown Casino, attracting over 22 million visitors annually.**
+Situated less than 1km* from the Melbourne CBD.
+A short walking distance to Southbank Boulevard, a prized Melbourne destination for restaurants and bars overlooking the Yarra River.
+Quick access to City Road, an important Melbourne commuter road linking the inner eastern suburbs to the West Gate Freeway servicing 35,000 vehicles daily.***
+Southbank: affluent suburb with a median house price growth of 19.67% since April 2021.****
+Net Income: $24,000 pa* + GST ($300 per square metre)
For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 26 October 2022
River Room – Crown Casino, Melbourne
*Approx.
**Crown Casino
***Gap Maps
****Realestate.com.au
The property has the following investment highlights:
+A unique entry level opportunity to invest in one of Australia’s most well-known 297m skyscrapers.
+Gainsville Furniture: premium furniture retailer with multiple locations across Melbourne.
+Renewed 3-year lease to longstanding tenant Gainsville in occupation 15+ years.
+Versatile 80sqm* retail/office space integrated into Gainsville's signature showroom, would suit variety of uses including showroom or stand-alone office.
+Landlord-favourable, set-and-forget lease structure with tenant paying all usual outgoings.
+Strategic positioning located just 450m* from Crown Casino, attracting over 22 million visitors annually.**
+Situated less than 1km* from the Melbourne CBD.
+A short walking distance to Southbank Boulevard, a prized Melbourne destination for restaurants and bars overlooking the Yarra River.
+Quick access to City Road, an important Melbourne commuter road linking the inner eastern suburbs to the West Gate Freeway servicing 35,000 vehicles daily.***
+Southbank: affluent suburb with a median house price growth of 19.67% since April 2021.****
+Net Income: $24,000 pa* + GST ($300 per square metre)
For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 26 October 2022
River Room – Crown Casino, Melbourne
*Approx.
**Crown Casino
***Gap Maps
****Realestate.com.au
Southbank, 3006 demographic data
The median household income for Southbank is $1,926, 1% higher than Greater Melbourne's household income of $1,901. Southbank has a younger age profile compared to the rest of Greater Melbourne (median age 31 vs 37). Property ownership data shows 55% of property owners in Southbank have a mortgage.
22,631
Population
$1,926 per week
Median household income
31 years
Median age
Renters
Most residents
Families
Most households
CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
Gainsville, 10R, Level 2/7 Riverside Quay (Eureka Tower)
Southbank, VIC 3006
CBRE - VICLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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