163 Bay Street,
Port Melbourne, VIC 3207

Unique investment opportunity in Port Melbourne's busiest and most tightly held retail strips. Located in one of Bayside's most rapidly growing areas, in a prime position, within a stone's throw of the beach, numerous eateries and retail outlets (including Coles and Australia Post) and public transport. This 160m2 building features polished boards, high ceilings, a rear courtyard, and period features throughout.
The current established tenants, Maestro Hairdressers, have been successfully servicing Melbourne through their four retail outlets. Currently achieving $55,125 net per annum, with the tenant paying all outgoings. 5% annual increases until August 2011, with a further four year option. No GST is payable on the property.
Zoned Business 1, and offering the possibility of future development STCA, inspect now before you miss out.
Auction on Wednesday 8th April @ 1.30pm