344-370 Lorimer Street, Port Melbourne, VIC 3207 sold on 22 July 2025 | OnTheHouse
 
SOLD
Sold on 22 Jul 2025 for $38,250,000

344-370 Lorimer Street
Port Melbourne VIC 3207

Bedrooms: -
Bathrooms: -
Car spaces: 172
Floor area: 16992m2
Land area: 16992m2
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Property Details for 344-370 Lorimer St, Port Melbourne

Building Type
Commercial
Floor Size
16992m2
Land Size
16992m2
Local Government
Melbourne
Lot/Plan
2B~57/PP3084B

Last Listing description (April 2022)

344 Lorimer Street is a spacious modern industrial complex with office, showrooms and warehousing at the edge of Melbourne's central business district.

First built in 2008 and known as Aquatica Business Park, the complex has a mixture of two and three level offices with quality fitouts, along with high clearance warehouses suitable for container loading or high storage racking.

Set over 1.7ha with a lettable area of 9600sqm, the Business Park is exceptionally well-located, just moments from the Port of Melbourne, Australia's largest seaport and shipping hub.

In addition to this sought after, strategic location just off the Westgate Freeway, the complex contains generous parking for up to 172 cars and is on the 237 Bus Route.

The position of the property is within a few blocks of the lakes and grasslands of Westgate Park and situated in a precinct that is home to automotive, aeronautical and technology industries.

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Property History for 344-370 Lorimer St, Port Melbourne, VIC 3207

A timeline of how this property has performed in the market
Last Sold
$38,250,000
22 Jul 2025
Listed for Rent
22 Apr 2022
  • 22 Jul 2025
    Sold for $38,250,000
  • 21 Apr 2022
    Listed for Rent $182 / year
  • 14 Jun 2017
    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. It has 34 parks covering nearly 11.2% of 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 13,425 properties. Over the last 5 years, Houses in Port Melbourne have seen a 10.40% increase in median value, while Units have seen a 10.72% increase. As at 30 November 2025:

  • The median value for Houses in Port Melbourne is $1,701,659 while the median value for Units is $871,171.
  • Houses have a median rent of $780 while Units have a median rent of $750.
There are currently 17 properties listed for sale, and 14 properties listed for rent in Port melbourne on OnTheHouse. According to Cotality's data, 585 properties were sold in the past 12 months in Port melbourne.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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