301
Bay Street
I’m Pressed for
Success.
I’m a Timeless Classic with a Modern Twist.
BUILDING DETAILS
Set on 200m2* of land, this distinguished freehold Victorian-era building offers 168m2* of total net lettable area across two levels. Featuring 94m2* of commercial space on the ground floor, complimented by 68m2* on level one which includes a beautifully modern residential style fit out. Benefited by rear access and parking off Heath Street, with 4.98m* of frontage to Bay Street, this commercial significant opportunity is bolstered by a freshly renewed five-year term to Renes Dry Cleaners. This prominent freehold property combines historic charm with modern versatility, ensuring a stable and lucrative return for long-term investors.
Certificate of Title: Volume: 5861 Folio: 148
SET OVER TWO LEVELS ON 200m2* of Land
5 Year Term
RENEWED FIVE (5) YEAR TERM
Victorian-Era Design
Commercial 1 Zone
I’m about to hit my thirties...
Renes Dry cleaners are a long-standing tenant that have occupied 301 Bay Street, Port Melbourne for almost 30 years. The property presents an exceptional commercial investment opportunity, offering dual income streams through a secure long-term tenant and additional signage rights revenue. The property is currently leased to Renes Dry Cleaners, who have recently committed to a new five-year lease. Renes Dry Cleaners is a reputable business with a strong customer base, currently paying $54,888 per annum* plus outgoings, with CPI increases ensuring an ongoing, inflation-adjusted rental growth per annum. In addition to the main tenancy, there is a second lease on the property’s prominent southern wall signboard, providing further income. The signboard lease is also for a term of 10 years, generating $5,743 per annum*, with 2% annual increases, ensuring steady and reliable returns with a further option per annum for another five-year lease.
TENANCY SCHEDULE:
Renes Dry Cleaners
RENTAL: $54,888 per annum*
LEASE TERM: Five (5) years
COMMENCEMENT: 24/02/2025
OPTIONS: Nil
ANNUAL INCREASES OR REVIEWS: CPI
Twenty Four Outdoor Australia Pty Ltd
RENTAL: $5,743 per annum*
LEASE TERM: Ten (10) years
COMMENCEMENT: 01/07/2017
OPTIONS: Five (5) years
ANNUAL INCREASES OR REVIEWS : 2%
OTHER INFORMATION TO INCLUDE: Please note this is signage on the side of the building facing Bridge Street
Floor Plans
Port Melbourne 3207
Prime Location in a bustling commercial & lifestyle hub 301 Bay Street, Port Melbourne, is situated in one of Melbourne’s most desirable commercial and residential precincts. Bay Street serves as the suburb’s primary retail and dining strip, lined with an array of boutique shops, cafés, restaurants, bars and essential services. The area enjoys strong foot traffic and vehicle exposure making it highly attractive for businesses and investors alike. The property’s proximity to key transport routes enhances accessibility, with multiple tram and bus services connecting Port Melbourne to Melbourne’s CBD (only 4km* away). Major arterials such as CityLink, the West Gate Freeway and Kings Way provide seamless access to surrounding suburbs and Melbourne’s broader metropolitan area. Once an industrial hub, Port Melbourne has transformed into a vibrant and highly sought-after waterfront suburb, blending heritage charm with contemporary living. The area is characterised by its picturesque coastline, modern apartment developments and beautifully restored period buildings, making it a prime destination for professionals, families and businesses.
5km* TO MELBOURNE CBD
WHAT, WHEN & HOW?
Public Auction on Wednesday 16 April at 11am on-site
Terms: 10% deposit with the balance payable in 30/60/90 days
Payment of Deposit Options:
1. Cheque – Personal or Bank payable to Aston Commercial Sales Trust Account
2. Macquarie Direct Debit Pay via secure portal link
DISCLAIMER
“Materials” refers to any and all, statements, documents, data, statistics, measurements, estimates, figures, calculations, images, projections, approximates or other representations, whether explicit or implicit, provided or published by Aston Commercial Pty Ltd, its employees or agents (Aston Commercial). The Materials constitute general information and are provided for the recipient’s exclusive and confidential use to assist with inquiries in relation to property or land. The Materials in no way constitute advice, an offer, or a contract and should not be relied upon in any way in entering a contract or agreement. Aston Commercial makes no representations and assumes no liability as to the completeness, correctness, context, or suitability of the Materials. Any dimensions or measurements of the property or the land (internal and external) are approximates only. A person should seek professional advice, including but not limited to legal advice, and conduct their own investigations to satisfy themselves of the property or land, including dimensions or measurements. Limitation of Liability: Aston Commercial excludes, to the fullest extent permitted by law, all inferred or implied terms, conditions and warranties arising in connection to the Materials and all liability for loss, damage, injury or claim (whether direct or indirect) in connection to its use or reliance. Where liability cannot be excluded, Aston Commercial limits, to the fullest extent permitted by law, all liability for loss, damage, injury or claim (whether direct or indirect) in connection to use or reliance of the Materials.
*approximate
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