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120 Bay Street
Port Melbourne VIC 3207
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Sold on 4 Oct 2023

120 Bay Street Port Melbourne VIC 3207

  • Shop & Retail
  • 103 m²
  • Sold

PRIME BAY STREET PORT MELBOURNE RETAIL INVESTMENT

  • MULTI AWARD WINNING TENANT
  • NEW 5 YEAR NET LEASE
  • PRIME RETAIL LOCATION

Prime 103sqm retail investment leased to multi award winning hairdresser "Greenelement"

Double fronted investment across two (2) shops providing for future flexibility and rental growth

A Grade fit-out immediately adjoining national retailers

Located in one of Melbourne's retail strip Bay Street, Port Melbourne

Secure lease term of five (5) years with two further five (5) year options (commenced 1st August 2014) with fixed 3% annual increases

Net annual income $87,719 pa

7 day trading conditions driven by high traffic flow 7 days a week

Property Highlights

Date Sold4 Oct 2023
Floor Area103 m²
Land AreaAsk Agent
ParkingOn site parking available
Building TypePartial building
Property ID2012079100
Category
 Shop & Retail
Last updated  3 Oct 2023
Map for 120 Bay Street Port Melbourne VIC 3207

Property Highlights

Date Sold4 Oct 2023
Floor Area103 m²
Land AreaAsk Agent
ParkingOn site parking available
Building TypePartial building
Property ID2012079100
Category
 Shop & Retail
Last updated  3 Oct 2023

Listed by

CBRE
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03 86213333

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