722/750 Bourke Street, Docklands, Vic 3008

$452,000

Apartment
Type
2
Bedrooms
2
Bathrooms
1
Parkings

Published on Friday, March 27, 2026 ( See property details for 722/750 Bourke Street, Docklands, Vic 3008)

$452,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A modern, high-yield two-bedroom apartment in Docklands, securely leased to Quest with stunning city views and excellent amenities.

🏡 Property Highlights

  • Secure lease to Quest until September 2030 with further options, ensuring long-term rental income.
  • Impressive 75 sqm two-bedroom apartment with high ceilings and floor-to-ceiling glazing.
  • North-facing 12 sqm balcony offering excellent natural light and outdoor space.
  • High-yield investment opportunity with a gross return of 7.8% and annual rent reviews.
  • Modern open-plan kitchen, dining, and lounge area with European stainless steel appliances.
  • Prime seventh level location in Docklands with stunning city views.

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Waterfront / Views
  • Security Screens / Gates
  • Fly Screens
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)
  • Ceiling Fans
  • Heating (Ducted/Split)
  • Outdoor Area / Balcony

Docklands is a vibrant waterfront precinct renowned for its modern apartments, stunning city skyline views, excellent transport links, and a thriving commercial and entertainment scene. It offers a dynamic lifestyle with easy access to Melbourne’s CBD, lush parks, and waterfront dining. The area is ideal for investors seeking high rental demand and future growth potential. Docklands combines urban convenience with scenic beauty, making it a highly sought-after location for both tenants and buyers.

What are the key features of this apartment?
This apartment features two bedrooms, two bathrooms, a North-facing balcony, open-plan living, high ceilings, floor-to-ceiling glazing, ducted heating and cooling, European stainless steel appliances, and built-in robes.
Is the property currently leased and what is the rental income?
Yes, the property is leased to Quest until September 2030, generating an annual rent of $35,250, which equates to $677 per week.
What is the investment return and rent review schedule?
The property offers a gross return of 7.8%, with annual rent reviews increasing rent by 4% each year until 2029, and a market rent review in 2030.
What are the approximate annual outgoings?
The approximate owner outgoings include council rates of $1,720, water rates of $900, and OC maintenance fund contributions of $950 per annum.
Is this property suitable for owner-occupiers?
This property is marketed as a high-yield investment opportunity and is not intended for owner-occupiers.
Are there any upcoming planned developments or zoning changes in the Docklands area that could affect the property's value or rental demand? Are there any restrictions or conditions associated with the lease to Quest, including renewal terms or potential rent reductions? What are the detailed strata or body corporate fees and any special levies applicable to this apartment? Are there any known issues or defects with the building or apartment, such as structural concerns or pest problems? Is the property located in a flood or bushfire-prone zone, and what are the associated risks? Are there any easements, covenants, or planning restrictions affecting the property? What are the terms and conditions of the lease agreement, including break clauses or options? Are there any ongoing or upcoming maintenance or repair works planned for the building that could impact residents or costs? What are the long-term prospects for capital growth in Docklands, considering current market trends? Are there any noise, neighbour, or local community issues that could affect the property's desirability or rental income?

722/750 Bourke Street, Docklands, Vic 3008 - More Details

$452,000

Situated on the seventh level, this is an impressive 75 square meter two bedroom apartment with two bathrooms-one with laundry facilities, open plan kitchen plus dining and lounge area leading to a 12 square meter North facing balcony. This apartment is beautifully presented and maintained offering high ceilings, floor to ceiling glazing, ducted heating and cooling, quality fixtures and fittings including European stainless steel appliances and large bedrooms (BIRs).

This apartment is securely leased to Quest until September 2030 with further options thereafter. With an impressive $677 per week return, this well presented apartment is a high yield investment with annual rent reviews and minimal outgoings – this may be perfect for your Self Managed Superannuation Fund.

THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION

Important Information:

Leased to Quest Docklands:

Current rent: $35,250pa / $677 per week.

Return:: 7.8% Gross, 7.0% Nett

Rent increases:
Sep 2026 - 4% increase= $ 36,660 gross
Sep 2027 - 4% increase- $ 38,126 gross
Sep 2028 - 4% increase- $ 39,651 gross
Sep 2029 - 4% increase- $ 41,237 gross
Sep 2030 - Market rent review

Leased to 2030 with 5 x 5 year options thereafter.

4% increases pa with market review each 5th year.

Approximate owner outgoings:

Council Rates $1720 per annum
Water Rates $ 900 per annum
OC Maintenance Fund $950 per annum

Inspection is by private appointment.

For further details please contact:

Nick Walters of Kingsford Property - 0438 557 885
[email protected]

Disclaimer: Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent. This information has been provided by third parties. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. We urge all interested parties to conduct their own due diligence and seek independent professional legal advice to ensure this information is accurate.
Type
Apartment
Bedrooms
2
Bathrooms
2
Parkings
1
House Size
75 m²

Price guide

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