Hospitality

Eureka Tower, L88-89, 7 Riverside Quay, Southbank

7 Riverside Quay Southbank, VIC Australia 3006
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Key Facts

Building Area

Property Description

JLL Melbourne Capital Markets and Hotels & Hospitality have the exclusive privilege of offering for sale a marvelous Melbourne investment opportunity known as Levels 88-89 and Part Ground Floor, 7 Riverside Quay, Southbank - Eureka Tower.

 

This unique and secure investment presents the following key attributes:

 

  • 100% freehold interest in part ground and top two floors of the iconic Eureka Tower
  • Leased to leading national experiential tourism operator – Journey Beyond
  • 20-year triple net lease structure with fixed annual rental increases providing cash flow certainty
  • Level 88 comprises the Eureka Skydeck, one of the highest observation decks in the Southern Hemisphere
  • Level 89 is occupied by Eureka 89, a well established high-end restaurant and event space
  • With unparalleled 360 degree views, the Eureka Skydeck and Eureka 89 attract over 500,000 visitors per year*
  • Serviced by dedicated ground floor freehold retail space and two exclusive elevators for direct access
  • Multiple configuration and future use options upon lease expiry, including luxury residential and commercial office (subject to relevant approvals)
  • Ideally located within one of Australia’s world class locales – Southbank’s waterfront precinct
  • A unique chance to own a Melbourne icon perched at one of the highest points of the urban skyline



For further information, please contact the exclusive sales and marketing agents at JLL Melbourne:




Josh Rutman | 0411 27 37 46


Peter Harper | 0412 560 246


Tim Carr | 0415 767 915


Mingxuan Li 李名 | 0498 688 998




*Approx

Investment Highlights

  • An intergenerational offering - the penthouse floors of Eureka Tower
  • 20-year triple net lease with fixed rental increases to leading national operator
  • Prominent hospitality and tourism attraction of international repute with genuine future upside
Last Updated Date: 26 Apr 2021
Josh Rutman
Josh Rutman
Senior Director, Capital Markets Head of Middle Markets & Metropolitan Investments – Victoria
Tim Carr
Tim Carr
Executive - Middle Markets

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Last Updated Date: 26 Apr 2021

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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