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Sold on 21 Aug 2019

85 Bay Street Port Melbourne VIC 3207

  • Industrial / Warehouse
  • 308 m²
  • Sold

DOMINANT CORNER RETAIL INVESTMENT WITH 5 YEAR LEASE AND UPSIDE

Located in the heart of the Bay Street retail strip, with 3 street frontages and surrounded by thousands of residents, this imposing brick shop and dwelling has been occupied since 2004 as a Crust Pizza outlet. The lease has just been renewed for a further five years.
Features include:
Extended 5 year lease plus 2 options of 5 years;
$100,000 pa rent plus usual outgoings and 4% annual rent increases;
Large ground floor shop plus generous 1st floor residence with separate entry and rear deck;
Flexible Mixed Use zone with potential to live in or develop further (sta);
Land 200.9 sqm Gross Building 308sqm (approx) and huge deck.

Address85 Bay Street Port Melbourne VIC 3207
ZoningMUZ - Mixed Use Zone (MUZ)
CouncilPORT PHILLIP CITY
We try our best to keep zoning info up to date but can never guarantee it's accurate or complete. Check directly with the relevant council to verify any zoning information.
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AUCTION

Auction date and time21/08/2019 12:00
Auction location85 Bay Street, Port Melbourne VIC

Property Highlights

Property ID2015458505
Date Sold21 Aug 2019
Floor Area308 m²
Land Area201 m²
Parking2 x Onsite parkings
Category
Last updated  19 Aug 2019
Map for 85 Bay Street Port Melbourne VIC 3207
Cayzer Real Estate
310 Bay Street Port Melbourne VIC 3207

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