- Affordable Port Melbourne Investment
- Secure Income of $43,673.16 pa + GST
- Commercial 1 Zone
Description
Gorman Commercial is pleased to offer 362 Bay Street, Port Melbourne for sale via Public Auction on Friday 13th November 2026 at 12 noon on-site.
+ Affordable shop and dwelling over two levels comprising a ground floor shop with attached two bedroom dwelling.
+ Ideally suits an entry-level investor (sub-$800k) looking for a secure income stream and future growth in the rent.
+ Established tenant with a five-year lease commencing September 2023 and no further option.
+ Current rental income of $43,673.15 per annum + GST + outgoings.
+ 99 sqm* building area on 95 sqm* of Commercial 1 Zoned (C1Z) land.
+ Positioned along Bay Street, surrounded by established cafés, restaurants, specialty retailers and professional services.
+ Nearby amenity includes Coles, IGA, Noisette and Station Street Trading Co.
+ Route 109 tram services connect Port Melbourne with South Melbourne, Southbank and Melbourne’s CBD. Bus services provide further connections between the local area, the CBD and surrounding bayside suburbs.
+ Southern Cross Station (approx 2km) provides access to metropolitan and regional rail services, while nearby arterial roads connect the property with the CBD, West Gate Freeway and surrounding inner suburbs.
For further information or to arrange an inspection, please contact our exclusive selling agent below.
Nathan May | 0452 210 491