Stonebridge Property Group, in conjunction with Vinci Carbone, are pleased to present for sale 253 Bay Street, Port Melbourne.

The key highlights of the opportunity include:

– Secure a rare Port Melbourne freehold bolstered by a vendor favoured 10-year net lease with fixed 5% annual rental increases

– Unrivalled fundamentals include 18 m* of Bay Street frontage, rear access via Lalor Street and a substantial 450 sqm* landholding offering future value-add and development potential (STCA)

– Providing $148,838 + GST + Outgoings** projected growth to $219,901* within the initial term

– Strategic 215 sqm* building layout, with open-plan retail space with multiple entry points, rear loading access and staff amenities — well suited to food delivery operators

– Leased to Smokin’ Joe’s Pizza & Grill, a national brand with 70+ stores throughout the ACT, NSW, QLD, VIC and SA

– Existing liquor licence permitting trade until 1 am, enhancing evening dining appeal

– Located in the centre of Port Melbourne’s retail mecca, surrounded by national brands including Coles, Chemist Warehouse, Australia Post, IGA, Commonwealth Bank and more — all within 100 m*

– Port Melbourne is an affluent inner-city suburb just 1.5 km* from the Melbourne CBD, accessible via light rail in under 10 minutes*.

253 Bay Street, Port Melbourne is for sale via Public On-site Auction Friday 27th March at 2:30PM (AEDT).

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

Stonebridge’s Strip Retail Investments team is a market leader, with over 30 years of combined experience specialising in the divestment of metropolitan Melbourne strip retail assets.

Stonebridge Property Group:

Nic Hage
0448 782 594

Ian Lam 林煒峻
0485 693 699

如需任何国语或粤语咨询，请联系我们亚洲业务团队的Ian Lam 林煒峻，联系电话: 0485 693 699，并可随时加他的微信 (WeChat ID: Ianlam2001)。

Rorey James
0439 400 081

Vinci Carbone:

Frank Vinci
0418 375 375

Zach Molinaro
0488 300 575

*Approximately

**As of 1st August 2026

Property Code: 1586