High-Yield Bay Street Office Investment Leased to DHA
Lemon Baxter is pleased to offer Suite 305, 120 Bay Street, Port Melbourne for sale. A substantial tenanted strata-office investment within the Bianca mixed-use development in the heart of Bay Street’s established inner-bayside commercial precinct.
Situated within the Mixed Use Zone (MUZ) under the City of Port Phillip Planning Scheme, the property supports a broad range of commercial and complementary uses (STCA), offering strong long-term flexibility for investors and future occupiers alike.
The suite is leased to Defence Housing Australia (DHA) — a government-related entity providing housing and related services for Australian Defence Force members and their families. The lease is structured on net terms with fixed 3% annual rent increases and includes 15 licensed car spaces, underpinning a reliable and predictable income stream.
Key Investment Highlights
– Government-related tenant covenant — Defence Housing Australia (DHA)
– Net lease structure with fixed 3% annual rental increases
– 25 car spaces in total, of which 15 are currently leased to DHA
– Mixed Use Zone (MUZ) — broad commercial and complementary uses permitted (STCA)
– Prime Bay Street location within the Bianca mixed-use development
– Inner-bayside Port Melbourne precinct, ~3km south-west of the Melbourne CBD
– Net income $376,322.76 p.a. (excl. GST)
For further information or to arrange an inspection, contact our sales team below.
