SOLD
Sold on 12 Mar 2024 for $600,000

206/120 Bay Street
Port Melbourne VIC 3207

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 80m2
Land area: 4270m2
Save

Property Details for 206/120 Bay St, Port Melbourne

Building Type
Commercial
Year Built
2010
Floor Size
80m2
Land Size
4270m2
Local Government
Port Phillip
Lot/Plan
206/PS611240

Last Listing description (November 2023)

120 Bay Street is situated on the bustling eastern side of Bay Street in Port Melbourne, nestled within the heart of the street's vibrant retail precinct. This exceptional location offers a wealth of amenities, including cafes and diverse shops, right at its doorstep. It boasts the advantage of being just a short stroll away from the Port Melbourne beach.

The building has easy access to public transportation via the nearby light rail tram network, and enjoys direct access to major transport arteries such as the Westgate Freeway, Citylink, and multiple routes leading to Melbourne's bustling CBD, including City Road and Graham Street.

The office space itself spans a generous 87 square meters and comes with the added benefit of two dedicated parking spots. This fantastic opportunity is available for occupancy now.

Contact the exclusive leasing agent, Lemon Baxter, to book an inspection.

Property History for 206/120 Bay St, Port Melbourne, VIC 3207

A timeline of how this property has performed in the market
Last Sold
$600,000
12 Mar 2024
Listed for Rent
$26k/w
13 Oct 2023
  • 12 Mar 2024
    Sold for $600,000
  • 13 Oct 2023
    Listed for Rent - Price not available
  • 21 Jun 2023
    Listed for Rent - Price not available
Sign in to see more transactions

Commute Calculator

About Port Melbourne 3207

The size of Port Melbourne is approximately 10.1 square kilometres. It has 34 parks covering nearly 11.2% of total area. The population of Port Melbourne in 2011 was 14,521 people. By 2016 the population was 16,168 showing a population growth of 11.3% 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 2011, 50.9% of the homes in Port Melbourne were owner-occupied compared with 50.5% in 2016.

Port Melbourne has 13,215 properties. Over the last 5 years, Houses in Port Melbourne have seen a 1.30% increase in median value, while Units have seen a 2.23% increase. As at 31 October 2024:

  • The median value for Houses in Port Melbourne is $1,530,130 while the median value for Units is $843,205.
  • Houses have a median rent of $825 while Units have a median rent of $690.
There are currently 22 properties listed for sale, and 13 properties listed for rent in Port melbourne on OnTheHouse. According to CoreLogic's data, 487 properties were sold in the past 12 months in Port melbourne.

Suburb Insights for Port Melbourne 3207

Market Insights
Port Melbourne Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Port Melbourne Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.