11/56 Wirraway Drive, Port Melbourne, VIC 3207

Industrial | Offices

For Sale $1,050,000 - $1,080,000

  • Property ID: 416268
  • Floor Area: 144m²
  • Land Area: 144m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the curb (FTTC)
Fantastic investment opportunity, or prime location for owner/occupier

Phone enquiries - please quote property ID 29246.

Offering 2 semi-separate spaces, with a warehouse downstairs and a residence space upstairs, both covering around 125m2, this property presents some great options for the discerning buyer. With options for an investor or owner/occupier, this is not to be missed!

The downstairs is currently used as a warehouse and is rented with a 4-year lease (option for 5 more). The space offers a solid investment with an existing and ongoing tenant in place and would be a fantastic addition to your commercial portfolio.

This property also offers something for the residential investor, with an upstairs residence currently leased on a month-to-month basis. Fully self-contained, with a full bathroom, kitchen, living space, and 2 bedrooms (one currently set up as a study). The options with this second floor are endless: continue to lease it out as a great investment, live in the property yourself as an owner/occupier and easily monitor your property downstairs, or consider repurposing the space for some other income-earning venture!

Features at a glance:
- Downstairs warehouse with established rental, 125m2
- Upstairs residence with a month-to-month rental, also 125m2
- Car space included
- Fantastic location

The property has had no renovations since being built, and is being offered as is, and is perfectly habitable, but also has plenty of scope for improvements should you wish to put in that extra investment.

The property is located near the Yarra, with shops and buses nearby. It is only a 4min drive to the city, and being close to the Westgate Bridge, you are centrally located to access all suburbs. The current owner is looking to retire and is selling to downsize his portfolio.

This is certainly an attractive, unique opportunity. Enquire today!

DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist commercial property owners who are looking to sell or lease their own commercial property without paying any real estate commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.

Port Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail --- $443 ---
Industrial $6944 $253 3.64%
Offices $5061 $293 5.79%
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 Industrial 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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