85 Bay Street, Port Melbourne, VIC 3207

Retail | Offices | Development/Land

For Sale Price on application

Auction: Wednesday, Aug 21, 12:00 PM

  • Property ID: 339911
  • Floor Area: 308m²
  • Land Area: 200.9m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
DOMINANT CORNER RETAIL INVESTMENT WITH 5 YEAR LEASE AND UPSIDE

Located in the heart of the Bay Street retail strip, with 3 street frontages and surrounded by thousands of residents, this imposing brick shop and dwelling has been occupied since 2004 as a Crust Pizza outlet. The lease has just been renewed for a further five years.
Features include:
Extended 5 year lease plus 2 options of 5 years;
$100,000 pa rent plus usual outgoings and 4% annual rent increases;
Large ground floor shop plus generous 1st floor residence with separate entry and rear deck;
Flexible Mixed Use zone with potential to live in or develop further (sta);
Land 200.9 sqm Gross Building 308sqm (approx) and huge deck.

Port Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $6643 $507 7.63%
Industrial --- $228 ---
Offices $5170 $299 5.79%
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.

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™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
LOGIN (Existing Members)
×

REGISTER (New Members)

Already have a CPG account? Login

×
×

×
REGISTER (New Members)
×