Port Melbourne

501 Williamstown Road, Port Melbourne, VIC, 3207

Property Description

The property is situated on the northern alignment of Williamstown Road, bound by Bridge and Bertie Streets, in the mixed use suburb of Port Melbourne, approximately 2.5 kilometres south-west of the Melbourne central business district. Williamstown Road is a semi-major arterial road, providing access from the Melbourne central business district to the Port Melbourne industrial precinct and the bay side residential suburb of Port Melbourne. Williamstown Road intersects Montague Street which provides access to the M1 Westgate Freeway, circa one kilometre north east of the property. The site falls within the 'Sandridge' precinct of Fishermans Bend which is a developing mixed-use area. In June 2021, the expansion of the Port Melbourne Bunnings Warehouse was completed at a cost of $6.6 million. On completion Bunnings and the Trust entered into a new 10-year lease with 2 x5 year options.

Land area

30,320 m²

The total GLA/retail area

15,146 m²

Bunnings lease commencement date

10/12/2010

Total Property Cost

$32,321,819

Current valuation

$67,500,000

Annual Rent

$2,703,765

Property Location

Show map
...