203, 204 & 205/120 Bay Street, Port Melbourne, VIC, 3207

Lemon Baxter is pleased to offer Suites 203, 204 & 205, 120 Bay Street, Port Melbourne for sale, presenting a substantial strata office opportunity within one of Melbourne’s most established inner-bayside commercial precincts.

Positioned within the City of Port Phillip’s Mixed Use Zone (MUZ), the property offers flexibility for a range of commercial and complementary uses (STCA), supporting long-term adaptability within a tightly held Bay Street location.

The offering comprises three adjoining strata suites totalling approximately 973 sqm*, complemented by an exceptional 45 on-site car spaces, a rare level of parking within the precinct.

Suite 203 – 271 sqm

Suite 204 – 368 sqm

Suite 205 – 334 sqm

Combined – 973 sqm

Two of the suites are securely leased to Bondi Sands on net lease terms with fixed 3% annual increases, delivering a strong holding income through to February 2027. The remaining suite is currently vacant, presenting immediate occupation or leasing potential.

This combination of income, scale and short-term repositioning potential presents a compelling opportunity for investors, owner-occupiers and strategic buyers seeking control of a significant commercial holding within Port Melbourne’s vibrant Bay Street precinct.

For Sale by Expression of Interest

Closing Wednesday, 22 April 2026 at 12PM (AEST)

Contact our exclusive selling agents for more information.

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