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Overview
147 Bay Street, Port Melbourne
This commercial property offers a unique investment opportunity with a circa 5% return. The site features a floor area of 155 square meters and a land area of 143.5 square meters. It is currently leased until December 2029 to an established trader who has been operating since 2018. The lease was recently renewed for five years at a gross annual rental of $49,400, providing stable income for the investor.
Located towards the beach end of the strip, the property forms part of O’Brien Terrace. The main improvements occupy approximately 50% of the total site area, which benefits from rear access via Graham Street. This layout offers flexibility for various commercial uses and potential future development.
The property is being offered for sale by expression of interest, with the sale process concluding at noon on 4 June 2026, unless sold prior. This allows prospective buyers ample time to consider the investment and conduct due diligence.
Key features include:
- Floor area of 155 square meters providing ample commercial space.
- Land area of 143.5 square meters with rear access enhancing logistics and operational convenience.
- Long-term lease in place until December 2029, ensuring steady rental income.
- Located in a sought-after commercial precinct near the beach, enhancing appeal and foot traffic.
This property is ideal for investors seeking a secure commercial asset with a reliable tenant and potential for future growth. Its strategic location and established lease make it a compelling addition to any commercial property portfolio.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Port Melbourne VIC 3207
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 155 m² |
Market Insights for Port Melbourne VIC 3207
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