1105/55 Merchant Street, Docklands VIC 3008

Level 11 harbour views | 2-bed with car space | Docklands waterfront | Light-filled contemporary layout This unit presents a competitively strong proposition for a downsizer or investor seeking a low-maintenance city foothold. Its higher-floor aspect and harbour outlook are rare in this price segment, differentiating it from typical internal apartments. The inclusion of a secure car space adds material utility and value in a precinct dominated by pedestrian movement. Contemporary finishes and a functional layout align directly with the expectations of its target buyer profiles, offering a move-in-ready solution. Decision hinges on balancing the premium for views against strata governance and flood overlay exposure, which imposes insurance costs and potential resale friction. The established rental demand, evidenced by comparable yields, provides a logical income stream to offset holding costs. Acquire this property as a long-term hold to capitalise on its scarcity attributes, rather than for short-term trading, given the suburb’s modest growth profile. Recent comparable sales within the same building provide a clear value benchmark: – 1106/55 Merchant Street (same level, 80m²) sold for $578,888. – 1104/55 Merchant Street (level 10, 78m²) sold, price undisclosed. These transactions confirm a strong baseline valuation. Given this property’s larger internal area (89m²) and the stated price guide, it appears positioned at a reasonable entry point for its superior specifications.