POINT OF INTEREST:
Expressions Of Interest Closing 3rd November 2021 at 3pm unless sold prior.
In the heart of Port Melbournes commercial precinct, yet pleasantly removed from the suburbs hustle and bustle, sits this highly presentable ground floor, corner office one of only six in this boutique estate. Measuring 225 sqm*, the floor plan is functional, and the fit out considered with three partitioned offices, two open-plan workspaces, a boardroom, reception area, and 10 on-site car parks. The property is further highlighted by floor-to-ceiling windows on two sides of the office allowing natural light to stream inside.
The lease has just been renewed by Tangible Technology who provide IT managed services and IT support across all the critical components of IT infrastructure to clients Australia and globally. Located just 4 km* from the CBD, this estate is easily accessed by the West Gate Freeway less than 1 km* away and via public transport options at the end of the street.
Points Worth Mentioning:
- Lease Income: $55,170 pa net.
- Lease Renewal Commencement: 6th November 2021.
- Current Term: 2 years
- Further Terms: 2 years.
- Annual Increases: 3% per annum.
- Considerable fit out owned by landlord.
- Ducted heating and air-conditioning.
- Ground floor suite excellent for disability services.
- 10 car spaces on title.
POINT OF VIEW:
Investments of this quality and at this price point are few and far between in this current market and in one of Port Melbournes nicest boutique estates its attention astute investors.
*Approx.
Pricing excludes GST
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 13,444 properties. Over the last 5 years, Houses in Port Melbourne have seen a -6.23% decrease in median value, while Units have seen a -2.72% decrease. As at 31 July 2026:
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