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574 Plummer St - Building 2 505 - 1,431 SF Office Condo Units Offered at $569,156 Per Unit in Port Melbourne, VIC 3207
Investment Highlights
- Public transport access via bus routes and light rail services within walking distance.
- Positioned within the Portpark business precinct in Port Melbourne’s Fishermans Bend renewal area.
- Located close to major freeway connections, the Melbourne CBD, and nearby airport corridors.
Executive Summary
574 Plummer Street is a multi-level commercial property forming part of the Portpark business complex within the Fishermans Bend precinct of Port Melbourne. The complex contains several strata office suites designed for professional accommodation and incorporates internal roads, landscaped areas, and shared customer amenities. The site provides on-site parking allocations for occupants and includes an on-premises café serving the broader complex. The property is situated in proximity to major arterial routes, including freeway connections to the Melbourne CBD, metropolitan road network, and key transport hubs. Public transport options, including bus services and the Montague Street light rail stop, are accessible from the location. Surrounding land use comprises industrial, commercial, and mixed-use developments positioned within a designated urban renewal precinct.
3 Units Available
Unit 55
| Unit Size | 505 SF | Sale Type | Investment |
| Condo Use | Office | No. Parking Spaces | 2 |
| Unit Size | 505 SF |
| Condo Use | Office |
| Sale Type | Investment |
| No. Parking Spaces | 2 |
Description
The property forms part of the Portpark business complex located at 574 Plummer Street in Port Melbourne, Victoria. The complex consists of multiple strata-titled office suites arranged around landscaped courtyards. Common property areas include landscaped open spaces, pedestrian walkways, and shared amenities supporting business operations. The subject suite occupies a position on the second level within the development and benefits from access to on-site facilities and allocated parking provisions. Ownership within this development is governed by an owners corporation responsible for common property maintenance and compliance.
Sale Notes
Suite 55 at 574 Plummer Street, Port Melbourne, is being offered for sale as a tenanted investment. The property is leased to a national tenant, BlueCHP, under a two-year agreement commencing 5 February 2024 and expiring 4 February 2027, with an option to extend until 4 February 2029. The lease provides for 4% annual rental increases and includes a market review at the exercise of the option. Two car spaces are allocated to the premises, and the zoning for the property is Capital City Zone 1 (CCZ1).
Office Space
Office Space
Office Space
Unit 71
| Unit Size | 731 SF | Sale Type | Investment |
| Condo Use | Office | No. Parking Spaces | 2 |
| Unit Size | 731 SF |
| Condo Use | Office |
| Sale Type | Investment |
| No. Parking Spaces | 2 |
Description
The property forms part of a strata-titled commercial office complex comprising multiple individual suites. Each suite shares access to common area amenities within the building, including restrooms and circulation spaces. The complex incorporates a central structure with multiple floors, designed for professional and business occupancy. Common property elements are maintained collectively by the owners’ corporation, which manages shared facilities and building services.
Sale Notes
The suite is available for purchase and currently leased to a long-term tenant through July 2026. It offers potential for investors seeking rental income as well as future flexibility for owner-occupation upon lease expiry. Adjoining suites are interconnected, presenting an option for buyers interested in acquiring a combined larger workspace. The property is located within the Fishermans Bend Urban Renewal Precinct, an area undergoing significant development and infrastructure improvement.
Office Space
Office Space
Unit 72
| Unit Size | 1,431 SF | Condo Use | Office |
| Price | $569,156 | Sale Type | Investment |
| Price Per SF | $397.73 | No. Parking Spaces | 6 |
| Unit Size | 1,431 SF |
| Price | $569,156 |
| Price Per SF | $397.73 |
| Condo Use | Office |
| Sale Type | Investment |
| No. Parking Spaces | 6 |
Description
The property is part of a strata-titled commercial complex located within the Fishermans Bend Urban Renewal Precinct in Port Melbourne. The building comprises multiple office suites and shared common area amenities on each floor. Strata ownership provides individual title to specific suites while granting shared access to common property, including corridors, restrooms, and building facilities. The complex is designed for mixed-use professional occupancy with designated areas for operational support and customer access.
Sale Notes
The suite is a fully fitted office situated on the top floor of the building, offering partitioned workspaces, private offices, and a boardroom. It remains under tenancy until July 2026, after which it becomes available for owner occupancy or continued investment use. The suite is interconnected with the adjoining office through an internal opening, creating the option to acquire a larger combined area if required. Common amenities and an on-site café are available within the complex.
Office Space
Office Space
Office Space
Property Facts
| Total Building Size | 43,056 SF | Typical Floor Size | 10,764 SF |
| Property Type | Office | Lot Size | 8.38 AC |
| Building Class | A | Parking Ratio | 0.21/1,000 SF |
| Floors | 4 |
| Total Building Size | 43,056 SF |
| Property Type | Office |
| Building Class | A |
| Floors | 4 |
| Typical Floor Size | 10,764 SF |
| Lot Size | 8.38 AC |
| Parking Ratio | 0.21/1,000 SF |
Amenities
- Restaurant
- Common Parts WC Facilities
- Natural Light
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574 Plummer St - Building 2
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