1103/2 Newquay Promenade, Docklands VIC 3008

2 car parks on level 11 | Docklands waterfront | 2-bed comparable stock | investor and city-worker demand This apartment’s two car spaces are a rare configuration in Docklands, where one parking spot is the norm, and the level 11 position offers a midpoint elevation that balances views with lift access. The NewQuay waterfront precinct provides immediate promenade access and CBD adjacency, making this property well suited to city workers, downsizers, and investors who value lock-and-leave convenience over suburban space. The building’s transaction history shows consistent rental demand and gross yields near 5.3% for comparable units, which signals a mature market with ongoing liquidity for well-configured apartments. The value of this property may be influenced by its internal finishes and aspect, which are not confirmed from available data, and by the fact that it sits within a high-density building where unit-level appeal depends heavily on floor plan and orientation. The mid-2000s build era means some capital works or sinking fund contributions might be expected, though no specific building age or amenity details are verified. The 1.09-acre site area is shared across many units, so land value attribution is minimal, and the apartment’s price should be weighed against comparable sales within the same building to isolate the premium for the second car space and level 11 position.