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51-67 Bay St 1,184 SF Office Condo Unit in PORT MELBOURNE, VIC 3207
Investment Highlights
- Corner position offering dual street frontage on Rouse Street and Nott Street.
- Located in a well-developed area with a mix of commercial and residential uses providing strong connectivity to the central city.
- Situated within 200 to 260 meters of public transport links, including Beaconsfield Parade and Graham Street routes.
Executive Summary
The property is situated in Port Melbourne, forming part of a mixed-use precinct that incorporates commercial and residential buildings. It occupies a corner site at Rouse Street and Nott Street, with immediate proximity to major thoroughfares including Graham Street and Beaconsfield Parade. The structure consists of a modern commercial space within a strata development. Surrounding land uses include retail, food and beverage venues, and residential apartments. The location has direct connections to public transport, including tram services and access to Bay Street shopping and Station Pier.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment |
| Sale Type | Investment |
Description
The property is part of a strata-titled development located on the corner of Rouse Street and Nott Street in Port Melbourne. It comprises a single office lot within a multi-lot complex. Shared ownership applies to common areas in accordance with the registered plan. The lot has a designated unit entitlement that determines contribution obligations for common expenses. Owners are required to comply with the owners’ corporation rules governing the property.
Sale Notes
The asset is being offered for sale via Private Treaty. It is secured by a three-year lease to a publicly listed multinational tenant with CPI annual rent increases. The current annual rent payable under the lease is $80,684 plus GST and statutory outgoings, including land tax. The property is positioned on a prominent corner allotment providing exposure to two streets. This offering is located within an established and highly accessible precinct supported by nearby public transport and retail amenities.
| Unit | Unit Size | Condo Use | Price | NOI |
| - | 1,184 SF | Office | Upon Request | - |
-
| Unit Size |
| 1,184 SF |
| Condo Use |
| Office |
| Price |
| Upon Request |
| NOI |
| - |
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| Unit Size | 1,184 SF |
| Condo Use | Office |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment |
| Description | |
| The property is part of a strata-titled development located on the corner of Rouse Street and Nott Street in Port Melbourne. It comprises a single office lot within a multi-lot complex. Shared ownership applies to common areas in accordance with the registered plan. The lot has a designated unit entitlement that determines contribution obligations for common expenses. Owners are required to comply with the owners’ corporation rules governing the property.</li></ul> | |
| Sale Notes | |
| The asset is being offered for sale via Private Treaty. It is secured by a three-year lease to a publicly listed multinational tenant with CPI annual rent increases. The current annual rent payable under the lease is $80,684 plus GST and statutory outgoings, including land tax. The property is positioned on a prominent corner allotment providing exposure to two streets. This offering is located within an established and highly accessible precinct supported by nearby public transport and retail amenities.</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 870,876 SF | Floors | 10 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 65,886 SF |
| Property Subtype | Apartment | Tenancy | Single |
| Building Class | B | Lot Size | 2.02 AC |
| Total Building Size | 870,876 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 10 |
| Typical Floor Size | 65,886 SF |
| Tenancy | Single |
| Lot Size | 2.02 AC |
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Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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51-67 Bay St
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