Victorian Real Estate presents For Sale - 239-241 Bay Street, Port Melbourne.

Presenting a blue chip opportunity to invest or to buy now with the future possibility of occupying returning a healthy $106,660.64 p/a plus GST.

239-241 Bay Street Port Melbourne offers: two high profile, retail premises (currently tenanted) plus a separately leased upper level apartment in a premium Port Melbourne location that offers Commercial 1 zoning.

Centrally positioned for high foot traffic volume in the heart of Bay Street, Port Melbourne and only 2.5km to Melbourne’s CBD, with close proximity to Port Melbourne: beach, open parkland, exclusive apartments, restaurants, cafes, chic boutiques and major transport links, this investment opportunity brings together commercial, retail and accommodation possibilities that will super charge your portfolio with an opportunity not to be missed.

A vibrant hotspot, Port Melbourne offers the buzz of bayside living and café lifestyle minutes from everyday amenities.


1/239 Bay Street Port Melbourne -

• Spacious upper level apartment
• Standout Bay Street address just a stroll from the beach
• Lounge-room with original brickwork & sky well
• Dual access kitchen comprising gas cooker & cabinetry
• Spacious bedroom featuring open fireplace/mantel
• Generously sized living-room or second bedroom
• Fully tiled bathroom incorporating laundry facility
• Walk-in storage cupboard
• Elevated sundrenched deck
• Private car space & rear access via Lalor Street (to be approved by owners corporation)
• Current rental income of $22,160.64 per annum


239 Bay Street Port Melbourne -

• High profile retail shop
• Long term tenant (Optometrist)
• Treatment room with mantel
• Two large workrooms including wet areas
• High ceilings, floorboards, reverse cycle system
• Internal access to communal rear courtyard
• 5x5 year lease terms as of November 1, 2023
• Market review CPI
• Current rental income of $41,500.00 + GST and outgoings


241 Bay Street Port Melbourne -

• Long term tenant (Podiatrist)
• Two private front offices
• Reception room
• Staff room with wet area & cabinetry
• Separate prep room with storage
• Access to communal rear courtyard
• 3x3x3 year lease terms as of July 1, 2023
• Market review CPI
• Current rental income of $43,000.00 + GST and outgoings

Inspections by appointment

For further information, please contact Colin Rounds on 0419 015 8...