SUBURB PRICE GUIDE

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Development/Land For Sale found in PORT MELBOURNE, VIC 3207

2 TITLES, 2 STREETS, 2 TENANCIES, MULTIPLE OPTIONS! FOR PRIV...

Development/Land

This superbly located Bay Street retail shop plus a separate dwelling/office fronting Heath Street offers a multitude of options to invest, live and invest or develop (sta) whilst receiving great cash flow during planning.
Zoned commercial 1 yet facing pretty residential properties in Heath Street, this offers a rare opportunity to combine multiple uses and plan for future upside.
NOTE - PRIVATE SALE.

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Price: Price on Application    Land: 266m²    Occupancy: Vacant

PRIME CORNER POSITION

Offices | Industrial | Development/Land

Prime corner position surrounded by quality neighbours.
Prime corner office / showroom / warehouse.
Occupy - As your business grows, extend as you may need (STCA).
Develop - Think of the possibilities of going up in this ever developing and popular precinct.
Invest - Rent out with an eye on the future.
18+ on-site carparks
Conjunctional agents -
Simon Reagan (Dixon Kestles) - 0412059900
Nick Bade (Lemon Baxter) - 0425781892

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Price/Rent: Sale:$2,350,000;Lease:$146,500 per annum    Building: 651m²    Land: 825.5m²    Occupancy: Vacant

Properties located in the surrounding suburbs

SOUTH MELBOURNE DEVELOPMENT SITE WITH INCOME

Development/Land (Residential) | Offices

An excellent opportunity to buy into this evolving pocket of South Melbourne. This site is ideally located within a 2 minute walk from the new vertical school currently being developed in Ferrars Street as well as the planned new parkland opposite the school. Two light tram rails are also within a 3-5 minute walk. Other features of this opportunity are;
- Zoned Capital City 1

- Site area of 909 sqm (approx)

- Property can be sold with 1 + 1 year option of $195,600 per annum net.

- The current improvements are a modern two storey converted warehouse into studio and officespace with 10 carspaces. For future re-leasing should a buyer be looking to Landbank, this property would be very well received by the tenant market.

For Private Sale.

For more information, please contact the agent.

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Price: Contact Agent    Land: 908m²    Occupancy: Vacant

SUBURB PRICE GUIDE

Suburb Summary - Port Melbourne, VIC 3207

Below you will find the average advertised Sale Price, Rent & Yield for this suburb.

Price (m²) Rent (m²) Yield
Offices $5989 $363 6.06%
Retail $10144 $473 4.66%
Industrial $3749 $226 6.02%
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list on Commercial Property Guide.
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