180 Bay Street, Port Melbourne, VIC, 3207

Jones Real Estate is pleased to exclusively offer 180 Bay Street, Port Melbourne, For Sale via Deadline Private Sale closing 23rd September 2026 at 12.30pm (AEST).

A rare large-format Bay Street freehold combining diversified national retail and healthcare income, exceptional underlying land value and compelling value-add flexibility.

Occupying 1,018sqm* of Commercial 1 Zoned land, with 20m* of Bay Street frontage and valuable rear laneway access, the property represents a tightly held inner-bayside control holding. Anchored by Country Road, Priceline Pharmacy and Bupa, it offers investors, owner-occupiers and land-bank capital a compelling platform for income, repositioning and future mixed-use upside.

Key highlights:

- Substantial 1,018sqm* Commercial 1 Zoned Bay Street freehold with a multi-tenant retail and medical building, 20m* frontage and valuable rear laneway access.

- Diversified national tenancy mix across fashion retail, pharmacy/health and medical accommodation, including Country Road, Priceline Pharmacy and Bupa.

- Passing net income of $641,545 p.a.* + GST, with a flexible short-term lease profile offering immediate leasing, repositioning and value-add upside.

- Attractive net-income profile with recoverable outgoings across the tenancy mix, including 85%+ land-tax recovery, supporting lean holding costs.

- Substantial Commercial 1 Zoned holding with prior approval precedent for a 6-7 level mixed-use development, creating multiple value-add pathways for investors, strategic owner-occupiers and long-term land-bank capital

- On-Site Parking with Rear-Lane Access: The building incorporates a substantial 16 associated car spaces*, accessed via the rear laneway / Adams Street, providing a scarce operational advantage for retail, medical and future owner-occupier uses in tightly held Bay Street

- Prime Bay Street position opposite Port Melbourne's major Coles supermarket and adjoining Holy Trinity Anglican Church, benefiting from daily traffic of 6,000-8,000*^ vehicles and 1,500-2,500*^ pedestrians.

- Established inner-city catchment on Port Melbourne's principal retail and commercial spine, serving 17,600+* local residents within the broader City of Port Phillip population of more than 114,000*.

*Approx.

^Estimated.

For further information or to arrange an inspection, please contact the exclusive selling agents at Jones Real Estate.

Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.

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