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265-267 Bay Street, PORT MELBOURNE VIC 3207 SALE
SUBSTANTIAL CHARACTER FILLED FREEHOLD INVESTMENT WITH UPSIDE
21
Price
Contact Agent
Building Area
626 sqm
Land Area
402 sqm
- Potential Fully Let Income: $170,000 pa
- Two Street Frontages
- Substantial building area of 626 sqm
Description
Gorman Commercial is pleased to offer 265-267 Bay Street & 20 Lalor Street, Port Melbourne for sale via Public Auction on Thursday 26th March at 2pm on-site.
Key features Include:
- Potential fully leased income: $170,000 pa + GST
- Ground floor tenancy leased to national retailer “Peak Moto”, a specialist motorcycle gear and accessories store with multiple locations around Australia
- Substantial building area of 626 sqm (approx.)
- Land area: 402 sqm (approx.)
- Prime commercial 1 zoning – providing ultimate flexibility for a variety of development outcomes (STCA)
- Three self-contained & separately accessible tenancies offering versatility and security of multiple income streams
- Two street frontages to Bay Street & Lalor Street providing future residential development upside (STCA)
- Prominent retail frontage to Bay Street of 9.5+ metres
- Situated within this bustling bayside retail shopping strip, surrounded by lifestyle amenity and anchor supermarket tenants such as Coles