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574 Plummer St - Building 2 3,035 SF Office Condo Unit in Port Melbourne, VIC 3207
Investment Highlights
- Four-story office building within the established Port Park Corporate Estate.
- On-site café providing convenience for staff and visitors.
- Excellent connectivity to West Gate Freeway, CityLink, Melbourne CBD, and the Port of Melbourne.
- Flexible floor plates with abundant natural light and modern finishes.
- Secure on-site parking available for tenants and guests.
- Located in a landscaped corporate estate with nearby lifestyle and business amenities.
Executive Summary
574 Plummer Street is a modern four-story office building located within the established Port Park Corporate Estate in Port Melbourne. The property offers high-quality office accommodation designed to meet the needs of contemporary businesses, featuring flexible floor plates, abundant natural light, and premium finishes throughout. The building includes an on-site café, providing convenience for staff and visitors, and is supported by secure on-site parking. Positioned within a landscaped corporate estate, the property benefits from a professional environment and proximity to a range of business services. Strategically located in Melbourne’s city-fringe commercial precinct, the property offers excellent connectivity to major arterials including the West Gate Freeway and CityLink, as well as direct access to Melbourne’s CBD and the Port of Melbourne. Public transport options and nearby lifestyle amenities further enhance its appeal for occupiers seeking a well-connected and amenity-rich location.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 13 |
| Sale Type | Investment |
| No. Parking Spaces | 13 |
Description
Suites 57 and 62 at 574 Plummer Street offer a combined 282 m² of premium office space within the established Port Park Corporate Estate. Positioned on the second floor, these suites feature a modern fit-out with excellent natural light and a functional layout designed for productivity.
The property is currently leased to eXcellerate Australia Ltd, providing a secure investment with a strong national tenant. The lease delivers a net rental return of $107,309 per annum plus GST, expiring on 31 December 2027 with a further five-year option. The tenant has a makegood obligation to separate the suites upon vacating, ensuring flexibility for future use.
Located within a landscaped corporate estate, the building offers well-appointed common areas and an on-site café, creating a collaborative and amenity-rich environment. Positioned in the heart of the Fishermans Bend Urban Renewal Precinct, the property benefits from proximity to Woolworths, Dan Murphy’s, major arterials, airports, and public transport options including buses and light rail.
The property is currently leased to eXcellerate Australia Ltd, providing a secure investment with a strong national tenant. The lease delivers a net rental return of $107,309 per annum plus GST, expiring on 31 December 2027 with a further five-year option. The tenant has a makegood obligation to separate the suites upon vacating, ensuring flexibility for future use.
Located within a landscaped corporate estate, the building offers well-appointed common areas and an on-site café, creating a collaborative and amenity-rich environment. Positioned in the heart of the Fishermans Bend Urban Renewal Precinct, the property benefits from proximity to Woolworths, Dan Murphy’s, major arterials, airports, and public transport options including buses and light rail.
Sale Notes
An exceptional opportunity to secure a high-performing commercial investment in one of Melbourne’s most dynamic city-fringe precincts. Suites 57 and 62 at 574 Plummer Street provide a combined 282 m² of modern office space within the Port Park Corporate Estate, leased to eXcellerate Australia Ltd on a long-term agreement.
The property delivers a net rental income of $107,309 per annum plus GST, with the current lease expiring on 31 December 2027 and a further five-year option, offering investors a secure income stream and a strong 7% net yield. The suites feature a contemporary fit-out with abundant natural light and are supported by a makegood clause to separate the units upon lease expiry, ensuring future flexibility.
Positioned within the Fishermans Bend Urban Renewal Precinct, this investment benefits from excellent connectivity to major arterials, Melbourne CBD, airports, and public transport, as well as nearby retail amenities. With an on-site café and well-appointed common areas, this property represents a rare chance to acquire a quality asset in a high-demand corporate estate.
The property delivers a net rental income of $107,309 per annum plus GST, with the current lease expiring on 31 December 2027 and a further five-year option, offering investors a secure income stream and a strong 7% net yield. The suites feature a contemporary fit-out with abundant natural light and are supported by a makegood clause to separate the units upon lease expiry, ensuring future flexibility.
Positioned within the Fishermans Bend Urban Renewal Precinct, this investment benefits from excellent connectivity to major arterials, Melbourne CBD, airports, and public transport, as well as nearby retail amenities. With an on-site café and well-appointed common areas, this property represents a rare chance to acquire a quality asset in a high-demand corporate estate.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 57 & 62 | 3,035 SF | Office | Upon Request | $105,464.10 CAD |
Unit 57 & 62
| Unit Size |
| 3,035 SF |
| Condo Use |
| Office |
| Price |
| Upon Request |
| NOI |
| $105,464.10 CAD |
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Unit 57 & 62
| Unit Size | 3,035 SF |
| Condo Use | Office |
| Price | Upon Request |
| NOI | $105,464.10 CAD |
| Sale Type | Investment |
| No. Parking Spaces | 13 |
| Description | |
| Suites 57 and 62 at 574 Plummer Street offer a combined 282 m² of premium office space within the established Port Park Corporate Estate. Positioned on the second floor, these suites feature a modern fit-out with excellent natural light and a functional layout designed for productivity.<br> <br> The property is currently leased to eXcellerate Australia Ltd, providing a secure investment with a strong national tenant. The lease delivers a net rental return of $107,309 per annum plus GST, expiring on 31 December 2027 with a further five-year option. The tenant has a makegood obligation to separate the suites upon vacating, ensuring flexibility for future use.<br> <br> Located within a landscaped corporate estate, the building offers well-appointed common areas and an on-site café, creating a collaborative and amenity-rich environment. Positioned in the heart of the Fishermans Bend Urban Renewal Precinct, the property benefits from proximity to Woolworths, Dan Murphy’s, major arterials, airports, and public transport options including buses and light rail.</li></ul> | |
| Sale Notes | |
| An exceptional opportunity to secure a high-performing commercial investment in one of Melbourne’s most dynamic city-fringe precincts. Suites 57 and 62 at 574 Plummer Street provide a combined 282 m² of modern office space within the Port Park Corporate Estate, leased to eXcellerate Australia Ltd on a long-term agreement.<br> <br> The property delivers a net rental income of $107,309 per annum plus GST, with the current lease expiring on 31 December 2027 and a further five-year option, offering investors a secure income stream and a strong 7% net yield. The suites feature a contemporary fit-out with abundant natural light and are supported by a makegood clause to separate the units upon lease expiry, ensuring future flexibility.<br> <br> Positioned within the Fishermans Bend Urban Renewal Precinct, this investment benefits from excellent connectivity to major arterials, Melbourne CBD, airports, and public transport, as well as nearby retail amenities. With an on-site café and well-appointed common areas, this property represents a rare chance to acquire a quality asset in a high-demand corporate estate.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 43,056 SF | Typical Floor Size | 10,764 SF |
| Property Type | Office (Condo) | Lot Size | 8.38 AC |
| Building Class | A | Parking Ratio | 0.21/1,000 SF |
| Floors | 4 |
| Total Building Size | 43,056 SF |
| Property Type | Office (Condo) |
| Building Class | A |
| Floors | 4 |
| Typical Floor Size | 10,764 SF |
| Lot Size | 8.38 AC |
| Parking Ratio | 0.21/1,000 SF |
Amenities
- Restaurant
- Common Parts WC Facilities
- Natural Light
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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574 Plummer St - Building 2
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