100, 49 Beach Street, Port Melbourne, VIC 3207

Investment | Retail | Hotel/Leisure

For Sale $2,100,000

  • Property ID: 322654
  • Floor Area: 240m²
  • Occupancy: Tenanted
Beachfront Hospitality Investment!

A prime waterfront investment opportunity located in the heart of Port Melbourne and leased to an established restaurant operator.

Originally built in the 1800's this character driven building has been refurbished into a contemporary, modern restaurant, Tenpin Kitchen. You can view more details of the tenant by clicking on the following link tenpinkitchen.com.au.

This outstanding opportunity features:
- Renewed Three (3) year lease plus five (5) options of five (5) years
- Current Rent: $90,176.50p.a. plus outgoings and GST
- Substantial building area of 240m2 with almost 15m frontage to Beach Street
- Large basement area on title including 6 car spaces and storage
- High profile corner position with signage rights

The property is located on the corner of Beach Street and Nott Street in Port Melbourne overlooking Port Melbourne Beach, Port Melbourne Yacht Club and Station Pier adjacent to the Bay Street Shopping Precinct and just 3km from the Melbourne CBD.


*Approx
Pricing excludes GST.

Additional Information
Features
  • Zoning: Mixed Use
  • Lease Term: 3+5+5+5+5+5 years
  • Rent Review: CPI or 3% whichever is the greater annually
  • Car Spaces: 6 basement car spaces on title
Port Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $4918 $278 5.64%
Retail $8750 $604 6.90%
Industrial $4417 $217 4.91%
This is the average advertised price, rent and yield for Port Melbourne, VIC 3207*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
Documents
Agency Details

CVA Property Consultants

18-20 Russell Street, Melbourne, VIC 3000

View Agency Profile
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Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Parking - Commercial and private parking spaces available within 500 metres of 100, 49 Beach Street, Port Melbourne, VIC 3207. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • Nearby Cafes - Number of cafes located within 500 metres of 100, 49 Beach Street, Port Melbourne, VIC 3207. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • Disclaimer - We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
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