Prime Bay Street Office Investment with Vacant Possession
Lemon Baxter is pleased to offer Suites 203, 204 & 205, 120 Bay Street, Port Melbourne for sale, presenting a substantial strata office opportunity within one of Melbourne’s most established inner-bayside commercial precincts.
Positioned within the City of Port Phillip’s Mixed Use Zone (MUZ), the property offers flexibility for a range of commercial and complementary uses (STCA), supporting long-term adaptability within a tightly held Bay Street location.
The offering comprises three adjoining strata suites totalling approximately 973 sqm*, complemented by an exceptional 45 on-site car spaces, a rare level of parking within the precinct.
Suite 203 – 271 sqm
Suite 204 – 368 sqm
Suite 205 – 334 sqm
Combined – 973 sqm
Two of the suites are securely leased to Bondi Sands on net lease terms with fixed 3% annual increases, delivering a strong holding income through to February 2027. The remaining suite is currently vacant, presenting immediate occupation or leasing potential.
This combination of income, scale and short-term repositioning potential presents a compelling opportunity for investors, owner-occupiers and strategic buyers seeking control of a significant commercial holding within Port Melbourne’s vibrant Bay Street precinct.
Contact our exclusive selling agents for more information.
