147 Bay St 1,668 SF Retail Building Port Melbourne, VIC 3207 $656,652 ($393.58/SF)

This tenanted investment brings a secure and income-generating opportunity at the heart of Port Melbourne’s renowned Bay Street precinct. Spanning a 155 m² building area on a 144 m² site, the property is currently leased to a long-standing retail tenant who has operated here since 2018, recently renewing their commitment on a five-year term. With passing income of approximately $49,400 per annum gross and a lease that runs through December 2029, the property offers long-term stability for any investor. Positioned toward the beach end of vibrant Bay Street, this high-exposure strip supports diverse boutiques, eateries, and essential services within an affluent and well-connected suburb. Excellent public transport access is afforded with tram stops less than 500 meters away and Southern Cross Station just 2.6 kilometers from the site.