207/120 Bay StreetPort Melbourne VIC 3207
Property Details for 207/120 Bay St, Port Melbourne
Last Listing description (February 2017)
Completed in 2009 The Bianca development is one of Port Melbourne's most recognisable mixed used developments in the thriving Bay Street retail precinct.
Two quality office tenancies are currently being offered for sale as one; comprising 122 sqm of combined floor space and four (4) secure undercover car parking spaces.
The building comprises ground floor retail which is leased to quality tenants including national retailers Kikki-K and First Choice Liquor. Level one is leased to Good-life Health Club in total while levels two and three provides quality office accommodation and is home to Kikki-K (national head office) and Defense Housing Australia.
Property History for 207/120 Bay St, Port Melbourne, VIC 3207
- 19 Mar 2024Sold for $500,000
- 19 Oct 2016Sold for $600,000
- 24 Aug 2016Listed for Sale Price: $650,000
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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 13,209 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.
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