INVEST IN LIGHT, LOCATION AND LONG-TERM SECURITY.

Sold - 8/3 Westside Avenue, Port Melbourne

Investment opportunity, Offices

Sale Details

Sold on 18 Mar 2026 for $485,000

Building Area 130m²
Rate $3,731 per m²
Yield: 6.18%

Overview

Sale History ID: 42467
Property ID: 21181
Advertised Price: Contact Agent

Description

POINT OF INTEREST:

Not every corner office comes with its own corner title, but this classy Port Melbourne investment does. 8/3 Westside Avenue stands proudly on a prominent corner, packaging visibility, convenience and reliability into one neat commercial asset. Inside, 130sqm* unfolds across two self-contained levels — light-filled, cleverly laid out and complete with modern amenities, a kitchenette and ducted climate control. Outside, 5 on-site car parks and the Nexus Café & Function Centre make it tenant-friendly without lifting a finger. The real clincher? A freshly inked lease to Whales Regional Workforce Pty Ltd returning $30,000 pa + GST + outgoings, locked in until 2028 with options beyond. With the CBD and freeways at your doorstep and capital growth baked into the location, your returns are about as seamless as getting onto the Citylink.

- $30,000 per annum + GST + Outgoings in leasing income.
- Leased to Whales Regional Workforce Pty Ltd.
- New agreement commenced 14/7/2025 for Three (3) years.
- Two (2) further Three (3)-year terms.
- 130 sqm* total building area.
- 5 on-site car parks.
- Commercial 2 zoning (C2Z).
- Prominent corner allotment across two self-contained levels.
- Ducted reverse cycle heating and cooling.
- 700 m* to the Citylink.

POINT OF VIEW:

Connectivity here isn’t a perk, it’s the whole point. Businesses thrive on the access and investors thrive on the stability it brings.

*Approx.
Pricing excludes GST

Additional Info
Features
TenancyWHALES REGIONAL WORKFORCE PTY LTD.
Lease TermThree (3) Years with Two (2) further Three (3) Year options.
Commenced14th July 2025.
Rent ReviewCPI.
Bond/Guarantees3 months rental bond + GST.
Outgoings PayablePayable by the tenant (EXCLUDING LAND TAX).
Age22 years approx.
Air ConditionerDucted reverse cycle.
AvailabilitySubject to a lease.
Car Parking FeesNil.
Car Spaces5
ConditionVery Good.
FloorsCarpet.
Height2.7m approx.
LiftsNo.
Roller DoorsNo.
SprinklersNo.
Wheel Chair AccessN/A.
ZoningCommercial 2.
Outgoings
Owners’ Corporation$2,800 p.a* + GST* (2025).
Building InsuranceIncl. in Owners' Corp fees.
Council Rates$2,200 p.a* + GST (2025).
Water Rates$1,100 p.a* + GST (2025).
Land TaxTBC.
Essential Safety MeasuresIncl. in Owners' Corp fees.
A/C MaintenanceIncl. in Owners' Corp fees.
Other ChargesOwners Content and Public Liability Insurance: $1,800 p.a* + GST (2025).
Agent Details
CVA Property Consultants - Charlie Hicks

Charlie Hicks

M | 0420 643 202
T | (03) 9623 2562
E | [email protected]

CVA Property Consultants - Jordan Carroll

Jordan Carroll

M | 0467 628 951
T | (03) 9623 2580
E | [email protected]