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51-67 Bay St 1,894 SF Office/Retail Condo Unit Offered at $1,008,630 in PORT MELBOURNE, VIC 3207
Investment Highlights
- Ground-floor retail/office condominium within a mixed-use complex.
- Includes rear access and undercover loading bay for efficient logistics.
- Surrounded by an established mix of cafes, restaurants, and retail businesses.
- Flexible Commercial 1 zoning supports multiple business types.
- Located near public transport routes and walking distance to the beachfront.
- Public parking available onsite for customers and clients.
Executive Summary
Position yourself in the heart of Port Melbourne with this exceptional ground-floor property at 51-67 Bay Street. Offered as a retail or office condominium unit, the space provides an outstanding opportunity in one of Melbourne’s most vibrant mixed-use precincts. The property benefits from flexible Commercial 1 zoning, allowing conversion into diverse uses including retail, office, hospitality, or medical services. The unit features a functional open plan design, accessible rear entry, and an undercover loading bay, ensuring operational convenience. Public parking is available within the building, complemented by ample on-street parking nearby. Surrounding the property is a lively mix of established retailers, cafes, and hospitality venues, creating a high-exposure environment that fuels foot traffic and brand visibility. Just a short walk to the beachfront and serviced by multiple tram and bus routes, the location offers seamless connectivity to Melbourne’s CBD and major arterial roads. This is an outstanding investment choice in an area renowned for strong local amenity and ongoing growth.
1 Unit Available
Unit 65
| Unit Size | 1,894 SF | Sale Type | Investment |
| Price | $1,008,630 | Cap Rate | 5.00% |
| Price Per SF | $532.54 | NOI | $50,431.50 |
| Condo Use | Office/Retail | Sale Conditions | Lease Option |
| Unit Size | 1,894 SF |
| Price | $1,008,630 |
| Price Per SF | $532.54 |
| Condo Use | Office/Retail |
| Sale Type | Investment |
| Cap Rate | 5.00% |
| NOI | $50,431.50 |
| Sale Conditions | Lease Option |
Description
Positioned in a bustling retail strip in the heart of Port Melbourne, 65 Bay Street offers a flexible ground-floor retail or hospitality opportunity. Spanning 176 m², this modern premises benefits from Commercial 1 Zoning and features excellent rear access for loading, along with back-of-house support, 3-phase power, and customer car parking. The property provides an uncluttered, open-plan layout, minimizing fit-out costs and accelerating the move-in process for operators.
Located near the popular Port Melbourne beachfront, the site is surrounded by established local and national retailers, including Noisette, IGA, Crust Pizza, and Guzman y Gomez, generating strong day and nighttime foot traffic. Exceptional access to public transport and parking adds to the property’s appeal for visitors and staff alike. This property represents a significant opportunity for buyers or investors seeking a high-visibility position with hospitality, retail, or showroom potential.
Sale Notes
The property at 65 Bay Street, Port Melbourne, is a ground-floor retail space comprising approximately 176 square meters. It is located within a mixed-use area featuring retail and hospitality businesses and is zoned Commercial 1. The site includes rear access and an undercover loading bay. Public parking is available within the building, and the property is accessible by multiple nearby tram and bus stops. The surrounding area includes established retail operators and is within walking distance of the beachfront. The property is a flexible single story lock up shop and can be converted into a wide range of spaces including retail, office, medical center, hospitality and more.
+1 More
Interior
Interior
Floor plan
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Parking
Property Facts
| Total Building Size | 870,876 SF | Floors | 10 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 65,886 SF |
| Property Subtype | Tenancy | Single | |
| Building Class | B | Lot Size | 2.02 AC |
| Total Building Size | 870,876 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | |
| Building Class | B |
| Floors | 10 |
| Typical Floor Size | 65,886 SF |
| Tenancy | Single |
| Lot Size | 2.02 AC |
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51-67 Bay St
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