51-59 Fennell Street, Port Melbourne, VIC, 3207

D+O Property is pleased to exclusively present a rare commercial/industrial investment opportunity in Melbourne's premier urban renewal precinct, Fishermans Bend.

51-59 Fennell Street, Port Melbourne comprises two fully leased buildings across a 2,561 sqm* Capital City Zone (CCZ1) landholding, located approximately 2km from the Melbourne CBD. With dual frontage to Fennell and Ingles Street within the 480ha* Fishermans Bend renewal precinct, the property enjoys immediate access to the West Gate Freeway and CityLink.

The property is occupied by two established tenants - Michelin Australia and HungryHungry, a hospitality technology company. The property presents near-term leasing considerations, while also creating opportunity to capture rental reversion. Alternatively, the property may suit owner occupation.

51-59 Fennell Street is being offered at well below replacement cost. The property’s Capital City Zoning with no height restrictions and support for mixed use underpins compelling medium to long-term development potential of the site.

Key Selling Features

• 100% leased generating $739,764 p.a.* net income
• Strong quality tenants - Michelin Australia and HungryHungry
• Outstanding parking with 59 spaces* (no levy)
• Flexible zoning with no height limit (minimum 16 storeys plus STCA)
• Offered below replacement cost with strong land value fundamentals
• Outstanding access to all parts of metropolitan Melbourne
• Potential owner-occupier and repositioning opportunity

The property is offered for Sale via Expressions of Interest closing Thursday, 21 May 2026 at 3:00pm AEST. Please contact exclusive marketing agent, Walter Occhiuto of D+O Property for further information.

Transaction Advisor - Charter Keck Cramer

*Approx.

Remember to mention you found this property on CommercialReady