115-119 Salmon Street, Port Melbourne, VIC 3207

Investment | Other | Development/Land

For Sale Contact Agent

  • Property ID: 322943
  • Floor Area: 1888m²
  • Land Area: 2043m²
  • Occupancy: Vacant
High Yield Investment Within Valuable Capital City Zone!

Strategically positioned within the Fisherman's Bend Urban Renewal Precinct, this versatile premises comprises two premium quality office/warehouses with a premium quality fit out. In addition to being within such close proximity to the CBD, there is great access to the site provided by the West Gate Freeway and the nearby 109 tram.

Key Investment Features:
- Well established tenant Alliance Insurance Broking Services Pty Ltd
- Annual income $436,820.00 per annum increasing to $449,924.60 from 1st July 2019
- Seven (7) year lease with a further five (5) year option
- Demolition clause in the current lease enabling development opportunity.

Key Property Features
- Total building area: 1,888m2* incorporating 1,071m2* of high quality offices, breakout space, gymnasium and amenities
- Land area 2,043m2* with second street frontage to Rocklea Drive
- Capital City Zoning
- On site car parking for 17 vehicles
- Situated within "Fisherman's Bend Urban Renewal Precinct" offering potential for future multilevel mixed-use development (STPA).
- Signage exposure to the Westgate Freeway
- Short walking distance to Fishermans Bend, Pier 35, Yarra River, Princes Pier, Port Melbourne Beach, JL Murphy Reserve and Westgate Park

CVA Property Consultants are pleased to present this spectacular investment opportunity at 115-119 Salmon Street, Port Melbourne.

Pricing excludes GST.

Additional Information
  • Availability: Subject to lease
  • Zoning: Capital City Zone (CCZ) and Capital City Zone 1 (C
  • Suitable Development: Multilevel mixed use
  • Permits Issued: Na
  • Lease Term: Seven (7) + Five (5) Years
  • Rent Review: Annual 3% and market at the option
  • Car Spaces: Sixteen (16) + one (1) disabled on site car parking spaces
  • Council Rates: $13,175.30
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.
Agency Details

CVA Property Consultants

18-20 Russell Street, Melbourne, VIC 3000

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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 115-119 Salmon 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 115-119 Salmon 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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