Ground Floor, 49 Beach Street, Port Melbourne, VIC 3207

Retail | Hotel/Leisure

Sold

  • Property ID: 342210
  • Floor Area: 240m²
  • NBN Availability: Service Available - Fibre to the node (FTTN)
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold N/A 240m2 N/A Contact Agent
A Thriving Port Melbourne Beachfront Investment

A thriving waterfront investment opportunity located in the heart of Port Melbourne and leased to an established restaurant operator is now available for sale.

Originally built in the 1800's this character driven building has been refurbished into a contemporary modern restaurant, 'Get to the Greek'.

The property offers extensive combined frontage of 25 metres* and is located just 3.5kms* from the Melbourne CBD and positioned on the corner of Beach Street and Nott Street.

Providing uninterrupted views of Port Melbourne Beach and nearby the Port Melbourne Yacht Club and Station Pier.
Just 80 metres* to the Bay Street retail strip which is surrounded by an abundance of amenities including retail shops, fitness centres, supermarkets, banks, medical centres and over 6,000 apartment residents.

This outstanding investment opportunity features:
- Renewed Three (3) year lease plus five (5) further options of five (5) years
- Current Rental of $92,881.79 p.a. plus GST
- Substantial ground floor building area of 240m2*
- Combined 25 metre* frontage to bustling Beach Street
- Large basement area on title including 6 car spaces and storage area
- High profile corner position with signage rights

For further information or to inspect, please contact CVA Property Consultants.

*Approx
Pricing excludes GST.

Additional Information
Features
  • 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
Outgoings
  • Water Rates: $490.00
  • Owners Corp. / Insurance: $6,747.90*
Port Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $5015 $186 3.70%
Retail $7391 $304 4.11%
Offices $4223 $241 5.70%
This is the average advertised price, rent and yield for Port Melbourne, VIC 3207*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* 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.
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