261 Bay Street, Port Melbourne, VIC 3207 | Property Value & History | OnTheHouse
OFF MARKET

261 Bay Street
Port Melbourne VIC 3207

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 310m2
Land area: 412m2
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Property Details for 261 Bay St, Port Melbourne

Building Type
Commercial
Floor Size
310m2
Land Size
412m2
Local Government
Port Phillip
Lot/Plan
6~32B/PP3084B

Last Listing description (May 2026)

Frank Gordon are pleased to offer
For Lease: 261-263 Bay Street, Port Melbourne.

Rent $60,000 + GST + Outgoings

In the heart of Bay Street, this double shop front suits a variety of business uses (STCA). Including alarm, air-con, security screen, ex. Optus fit-out. Within close proximity to major brands such as Coles Supermarket, Vintage Cellars, Priceline, Chemist Warehouse, The Reject Shop, Telstra, Australia Post, CBA & Westpac Banks, popular cafes and restaurants and approx 750m from Port Phillip Bay.

Key Features:

- Floor area: 128 sqm (approx.)
- Double fronted shopfront
- High foot traffic precinct
- Suit a variety of business uses (STCA)
- Fit-out included at no cost
- Easy access to public transport
- Flexible lease terms
- Available now
- Car park at rear

This is a great business opportunity ideally situated in the vibrant Bay Street shopping strip.

For further information or to arrange an inspection please contact:
Frank Callaghan: 0407 313 753

Property History for 261 Bay St, Port Melbourne, VIC 3207

A timeline of how this property has performed in the market
Last Sold
$78,500
30 Jun 1976
Listed for Rent
$1.15k/w
05 May 2026
  • 20 Mar 2026
    Listed for Rent - Price not available
  • 26 May 2025
    Listed for Rent - Price not available
  • 17 Feb 2025
    Listed for Rent - Price not available
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About Port Melbourne 3207

The size of Port Melbourne is approximately 10.1 square kilometres. There are 34 parks, covering nearly 11.2% of the total area. The population of Port Melbourne in 2016 was 16175 people. By 2021 the population was 17633 showing a population growth of 9.0% in the area during that time. The predominant age group in Port Melbourne is 30-39 years. Households in Port Melbourne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Port Melbourne work in a professional occupation.In 2021, 54.30% of the homes in Port Melbourne were owner-occupied compared with 50.50% in 2016.

Port Melbourne has 13,440 properties. Over the last 5 years, Houses in Port Melbourne have seen a -4.39% decrease in median value, while Units have seen a -0.59% decrease. As at 30 June 2026:

  • The median value for Houses in Port Melbourne is $1,684,150 while the median value for Units is $837,951.
  • Houses have a median rent of $900 while Units have a median rent of $730.
There are currently 9 properties listed for sale, and 17 properties listed for rent in Port melbourne on OnTheHouse. According to Cotality's data, 535 properties were sold in the past 12 months in Port melbourne.

Suburb Insights for Port Melbourne 3207

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.