Investment opportunity, Offices
| Building Area | 130m² |
|---|---|
| Rate | $3,731 per m² |
| Yield: | 6.18% |
| Sale History ID: | 42467 |
|---|---|
| Property ID: | 21181 |
| Advertised Price: | Contact Agent |
|---|
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
| Features |
|---|
| Tenancy | WHALES REGIONAL WORKFORCE PTY LTD. |
|---|---|
| Lease Term | Three (3) Years with Two (2) further Three (3) Year options. |
| Commenced | 14th July 2025. |
| Rent Review | CPI. |
| Bond/Guarantees | 3 months rental bond + GST. |
| Outgoings Payable | Payable by the tenant (EXCLUDING LAND TAX). |
| Age | 22 years approx. |
| Air Conditioner | Ducted reverse cycle. |
| Availability | Subject to a lease. |
| Car Parking Fees | Nil. |
| Car Spaces | 5 |
| Condition | Very Good. |
| Floors | Carpet. |
| Height | 2.7m approx. |
| Lifts | No. |
| Roller Doors | No. |
| Sprinklers | No. |
| Wheel Chair Access | N/A. |
| Zoning | Commercial 2. |
| Outgoings |
|---|
| Owners’ Corporation | $2,800 p.a* + GST* (2025). |
|---|---|
| Building Insurance | Incl. in Owners' Corp fees. |
| Council Rates | $2,200 p.a* + GST (2025). |
| Water Rates | $1,100 p.a* + GST (2025). |
| Land Tax | TBC. |
| Essential Safety Measures | Incl. in Owners' Corp fees. |
| A/C Maintenance | Incl. in Owners' Corp fees. |
| Other Charges | Owners Content and Public Liability Insurance: $1,800 p.a* + GST (2025). |
M | 0420 643 202
T | (03) 9623 2562
E | [email protected]
M | 0467 628 951
T | (03) 9623 2580
E | [email protected]