321 Bay Street, Port Melbourne, VIC 3207

Retail

For Sale EXPRESSIONS OF INTEREST

Expressions Of Interest

  • Property ID: 442295
  • Floor Area: 132m²
  • Land Area: 231m²
  • Occupancy: Tenanted
PRIME HOSPITIALITY INVESTMENT OPPORTUNITY - PORT MELBOURNE

ASM Commercial is pleased to present 321 Bay Street, Port Melbourne for sale by Expressions of Interest.

Located on lively Bay Street and prime bayside suburb in Melbourne, the property offers a current investor a secure tenancy in place.

Property features Include:

- Total Floor Area: 132 sqm approx.
- Land Area: 231 sqm (approx.)
- Commercial 1 Zone (C1Z)
- Prime location in the bayside suburb
- Secure tenancy in place
- Income: $64,890 per annum + GST
- Three (3) Years (commenced March 2023)
- Options: Two further terms of Three (3) Years
- 3% annual increases and market reviews at options
- Grease trap

Contact:
Andrew Manos 0425 721 222

Port Melbourne Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $7391 $329 4.46%
Industrial $5193 $194 3.73%
Offices $4610 $247 5.35%
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:

  • 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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