204/120 Bay Street, PORT MELBOURNE, VIC, 3207

Modern building fully fitted and tenanted!!!

This superb A grade office building offering 334m2 & 368m2 + Terrace areas of 120m2 and 33 under cover secure car parking spaces. Facing Bay Street with ample natural light and quality fit-out including reception, partitioned offices, meeting rooms, open plan and huge terrace for outdoor entertaining.

Dixon Kestles is proud and delighted to offer the following offices for your consideration. You can purchase one or both offices.

Suite 204

Size 368m2 + terrace and 17 car parking spaces on Level 2

Current rental is $129,244 net pa + outgoings + GST.

Annual increase is 3% with no market review

Lease expires: 28/2/2025 with 1 further term of 2 years

Price guide is $2,250,000 = Net yield 5.8%

Suite 205

Size 334m2 + terrace and 16 car spaces on Level 2.

Current rental is $118,079 net pa + outgoings + GST

Annual increase is 3% with no market review.

Lease expires: 28/2/2025 with 1 further term of 2 years

Price guide is $2,100,000 = Net yield 5.6%

Key features include:

1.Complete with high quality fit-out with amazing natural light

2.Heating and Cooling

3.Kitchen and staff break out areas

4.Cafés and eateries with Port Melbourne beach just a stone throw away.

5.Excellent access to major aerial roads including West Gate Freeway, Southbank and CBD

This opportunity is certainly not to be missed. Seeing is believing. Call to arrange a private tour now!!!!

Remember to mention you found this property on CommercialReady