BEGIN:VCALENDAR PRODID:-//commercialrealestate.com.au//NONSGML ical.net 5.2.3//EN VERSION:2.0 BEGIN:VEVENT DESCRIPTION:High-Yield Bay Street Office Investment Leased to DHA\nLemon Ba xter is pleased to offer Suite 305\, 120 Bay Street\, Port Melbourne for s ale. A substantial tenanted strata-office investment within the Bianca mix ed-use development in the heart of Bay Street's established inner-bayside commercial precinct.\n\nSituated within the Mixed Use Zone (MUZ) under the City of Port Phillip Planning Scheme\, the property supports a broad rang e of commercial and complementary uses (STCA)\, offering strong long-term flexibility for investors and future occupiers alike.\n\nThe suite is leas ed to Defence Housing Australia (DHA) a government-related entity providi ng housing and related services for Australian Defence Force members and t heir families. The lease is structured on net terms with fixed 3% annual r ent increases and includes 15 licensed car spaces\, underpinning a reliabl e and predictable income stream.\n\nKey Investment Highlights\n- Governmen t-related tenant covenant Defence Housing Australia (DHA)\n- Net lease st ructure with fixed 3% annual rental increases\n- 25 car spaces in total\, of which 15 are currently leased to DHA\n- Mixed Use Zone (MUZ) broad com mercial and complementary uses permitted (STCA)\n- Prime Bay Street locati on within the Bianca mixed-use development\n- Inner-bayside Port Melbourne precinct\, ~3km south-west of the Melbourne CBD\n- Net income $376\,322.7 6 p.a. (excl. GST)\n\nFor sale via expression of interest closing Wednesda y 2nd September 2026 at 12pm (AEST). \n\nFor further information or to arr ange an inspection\, contact our sales team below. DTEND:20260902T120000 DTSTAMP:20260731T015039Z DTSTART:20260902T120000 SEQUENCE:0 SUMMARY:Expression Of Interest: Suite 305\, 120 Bay Street\, Port Melbourne VIC UID:CRE-2021037433-EOI X-ALT-DESC;FMTTYPE=text/html:

High-Yield Bay Street Office Investme nt Leased to DHA
Lemon Baxter is pleased to offer Suite 305\, 120 Ba y Street\, Port Melbourne for sale. A substantial tenanted strata-office i nvestment within the Bianca mixed-use development in the heart of Bay Stre et's established inner-bayside commercial precinct.

Situated within the Mixed Use Zone (MUZ) under the City of Port Phillip Planning Sc heme\, the property supports a broad range of commercial and complementary uses (STCA)\, offering strong long-term flexibility for investors and fut ure occupiers alike.

The suite is leased to Defence Housing A ustralia (DHA) a government-related entity providing housing and related services for Australian Defence Force members and their families. The leas e is structured on net terms with fixed 3% annual rent increases and inclu des 15 licensed car spaces\, underpinning a reliable and predictable incom e stream.

Key Investment Highlights
- Government-relate d tenant covenant Defence Housing Australia (DHA)
- Net lease struc ture with fixed 3% annual rental increases
- 25 car spaces in total\ , of which 15 are currently leased to DHA
- Mixed Use Zone (MUZ) br oad commercial and complementary uses permitted (STCA)
- Prime Bay S treet location within the Bianca mixed-use development
- Inner-baysi de Port Melbourne precinct\, ~3km south-west of the Melbourne CBD
- Net income $376\,322.76 p.a. (excl. GST)

For sale via express ion of interest closing Wednesday 2nd September 2026 at 12pm (AEST).

For further information or to arrange an inspection\, contact our sales team below.

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