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261-263 Bay St 1,378 SF of Retail Space Available in Port Melbourne, VIC 3207
Highlights
- Prominent double shopfront in one of Port Melbourne’s busiest retail strips.
- Excellent connectivity with bus and tram stops nearby and proximity to Southern Cross Station.
- Quality upgraded fit-out included at no extra cost.
- Positioned among national retailers and lifestyle amenities.
- Includes two designated car spaces for staff or customer use.
- Available June 2025 with flexible leasing options.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 1,378 SF | 5-10 Years | $31.37 /SF/YR $2.61 /SF/MO $43,227 /YR $3,602 /MO | TBD |
Ground
This property offers a double-fronted retail space of approximately 128 sqm, located within one of Bay Street’s busiest retail corridors. The layout includes an upgraded fit-out at no extra cost, presenting a ready-to-occupy solution for a variety of business uses (STCA). Positioned near national brands such as Coles, Vintage Cellars, Priceline, Chemist Warehouse, The Reject Shop, Australia Post, and major banks, the site benefits from strong co-tenancy and high daily foot traffic. Its proximity to popular cafes, restaurants, and Port Phillip Bay (approx. 750m) provides added appeal for customer engagement. Excellent accessibility is ensured through multiple public transport options, with tram and bus stops nearby, and Southern Cross Station approximately 2.3 km away. Two car spaces are also available, enhancing convenience for operators and clients. Lease terms are flexible, with availability commencing June 2025.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air Conditioning
- Security System
- Recessed Lighting
- Display Window
- Smoke Detector
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 1,378 SF | Property Subtype | Storefront |
| Property Type | Retail | Gross Leasable Area | 1,378 SF |
| Total Space Available | 1,378 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 1,378 SF |
About the Property
Positioned at the heart of Port Melbourne’s vibrant Bay Street retail precinct, this double-fronted retail space offers an outstanding opportunity for businesses seeking maximum exposure in a high-traffic corridor. Located just 750 meters from Port Phillip Bay, the property features 128 square meters of modern, upgraded interiors designed to accommodate a wide range of business uses (STCA). Surrounding amenities include Coles, Vintage Cellars, Australia Post, major banks, well-known pharmacies, and an array of cafes and restaurants, ensuring steady foot traffic and a robust local customer base. The property also provides convenient access to public transportation, with tram and bus stops within short walking distance, and is only 2.3 kilometers from Southern Cross Railway Station. Available from June 2025, this premises benefits from a quality fit-out at no additional cost and offers flexible lease terms to meet unique business requirements. Two private car spaces further enhance accessibility for staff and clients.
Nearby Major Retailers
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261-263 Bay St
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