Occupy or Develop – Rare Bay Street Landholding
326–328 Bay Street & 55 Lyons Street, Port Melbourne presents a rare, contiguous landholding in one of inner-bayside Melbourne’s most tightly held commercial precincts. Offered with vacant possession across three adjoining titles with dual access from both Bay Street and Lyons Street.
Positioned on Port Melbourne’s premier retail and commercial spine, the property combines genuine street-front retail exposure with clear development upside (STCA) — a combination the Bay Street market simply doesn’t release often.
Key features
– Three adjoining titles, offered together — flexibility to hold, develop or reconfigure (STCA)
– Combined land area of approximately 259.79 sqm* (326 Bay St 121.36 sqm*, 328 Bay St 50.34 sqm*, 55 Lyons St 88.09 sqm*)
– Dual street access from both Bay Street and Lyons Street
– Two (2) on-site parking
– Prominent retail frontage to Bay Street — 10.3m* to Bay St, 10.26m* to Lyons St
– Commercial 1 Zone (C1Z) under the City of Port Phillip Planning Scheme, supporting a broad range of commercial uses (STCA)
– Convenient street parking
– Genuine development opportunity in a scarce, high-demand pocket (STCA)
A strategic city-fringe position
– Close proximity to the Melbourne CBD
– 600m* to the 109 tram, connecting directly to the CBD and St Kilda
– 1km* to the vibrant South Melbourne Market precinct
– 1km* to Port Melbourne beach and foreshore
– 1.4km* to West Gate Freeway access
– Adjoining the Fishermans Bend urban renewal corridor — Australia’s largest urban renewal project and a long-term driver of employment and infrastructure growth
Landholdings of this calibre are rarely offered on Bay Street. This is an opportunity to secure a rare contiguous position within a precinct being reshaped by generational investment.
Contact the exclusive selling agents today.
*Approximately
