265-267 Bay Street, Port Melbourne

SUBSTANTIAL CHARACTER FILLED FREEHOLD INVESTMENT WITH UPSIDE

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.

Listing Highlights

• Potential Fully Let Income: $170,000 pa
• Two Street Frontages
• Substantial building area of 626 sqm

Property Details

Type Retail

Building Area 626 sqm

Land Area 402 sqm

Price Contact Agent