 Asset Class: | Office |
 Price: | $ 1000000 |
 Net Yield: | 6.03 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | On Market |
<p style=""><span style="color:rgb(0, 0, 0);"><b>Prime Investment Opportunity in Port Melbourne’s Thriving Business Hub</b></span></p><br><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">Strategically positioned within the prestigious Portpark Corporate Centre, 574 Plummer Street, Port Melbourne, offers an outstanding commercial investment in one of Melbourne’s fastest-growing precincts. The property is securely leased to Mulwarra Export Pty Ltd, a globally recognized Australian food exporter, on a three-year lease commencing July 2024, generating a strong rental return of $66,117 per annum with CPI-linked annual increases. </span></p><br><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">Comprising two separately titled suites (Suite 4 & Suite 6), the property provides long-term flexibility for investors, while seven dedicated car spaces further enhance its appeal in a market where parking is highly sought after. With Capital City Zoning (CCZ), this investment promises strong value appreciation as the area continues to develop.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">Located just 3 km from Melbourne’s CBD, the property enjoys seamless access to major transport links, including the West Gate Freeway and CityLink, ensuring excellent connectivity across Melbourne. Positioned within close proximity to the Port of Melbourne, Australia’s largest container port, the site is ideal for businesses in logistics, trade, and professional services. The surrounding area is also home to a thriving mix of commercial and lifestyle amenities, including Woolworths, cafés, fitness centres, and an influx of new apartment developments, further increasing demand for commercial space.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);font-weight:normal;">Adding to its long-term appeal, the property is situated within Fishermans Bend, Australia’s largest urban renewal project, set to undergo a $30 billion transformation.This major initiative will drive infrastructure upgrades, including a new tram line extension, improved transport networks, and the creation of high-density residential and mixed-use developments. With significant investment flowing into the precinct, 574 Plummer Street stands as a rare opportunity to secure a high-yielding commercial asset in a rapidly evolving and high-demand location.</span></p>
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<span style="color:rgb(0, 0, 0);"><b>Port Melbourne</b></span><br><br><span style="color:rgb(0, 0, 0);font-weight:normal;">Port Melbourne is a highly sought-after inner-city suburb, just 3 km southwest of Melbourne’s CBD. Nestled along Port Phillip Bay, the area is known for its waterfront lifestyle, commercial hubs, and strategic connectivity, making it an attractive destination for residents, businesses, and investors alike.</span><br><br><span style="color:rgb(0, 0, 0);"><b>Demographics & Community</b></span><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Population: Approximately 17,000 residents and growing, driven by ongoing urban renewal.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Median Age: 40 years, with a mix of professionals, young families, and retirees.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Employment: Strong workforce presence in professional services, manufacturing, and logistics.</span></p></li></ul><br><span style="color:rgb(0, 0, 0);"><b>Transport & Accessibility</b></span><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Road Networks: Direct access to CityLink, West Gate Freeway, and the M1, connecting to key industrial and commercial hubs.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Public Transport: Well-serviced by tram route 109 (CBD to Port Melbourne) and multiple bus routes.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Proximity to Key Locations:</span></p></li><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Melbourne CBD – 5-minute drive</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Fishermans Bend Employment Precinct – Immediate adjacency</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Port of Melbourne – Australia’s largest container port, crucial for trade and logistics</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="font-weight:normal;color:rgb(51, 51, 51);font-style:normal;">Melbourne Airport – 20-minute drive via CityLink</span></p></li></ul></ul><br><span style="color:rgb(0, 0, 0);"><b>Commercial & Industrial Presence</b></span><br><span style="color:rgb(0, 0, 0);font-weight:normal;">Port Melbourne is a key part of Fishermans Bend, Australia’s largest urban renewal project, set to accommodate 80,000 jobs by 2050. The area is home to:</span><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Corporate Headquarters: Bega Cheese, Boeing, and Defence/Aerospace industries.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Tech & Innovation: Fishermans Bend is a major hub for advanced manufacturing, engineering, and research.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Logistics & Warehousing: Close proximity to the Port of Melbourne supports supply chain and distribution businesses.</span></p></li></ul><br><span style="color:rgb(0, 0, 0);"><b>Residential & Lifestyle Appeal</b></span><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Waterfront Living: High-end apartments and townhouses along Beacon Cove & Bay Street offer prime real estate with ocean views.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Retail & Dining: Vibrant precincts along Bay Street and Beach Street, featuring boutique shops, cafés, and restaurants.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Green Spaces: Westgate Park, Lagoon Reserve, and Sandridge Beach provide ample outdoor recreation options.</span></p></li></ul><br><span style="color:rgb(0, 0, 0);"><b>Future Growth & Development</b></span><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Fishermans Bend Urban Renewal: $30 billion investment into infrastructure, transport, and commercial spaces.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Tram & Transport Expansion: Planned tram line extension to better connect Port Melbourne and Fishermans Bend with the CBD.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Residential Growth: New mid-rise and high-rise developments catering to increased demand for inner-city living.</span></p></li></ul><span style="color:rgb(0, 0, 0);font-weight:normal;">Port Melbourne's prime waterfront location, business-friendly infrastructure, and strategic growth potential make it one of Melbourne’s most dynamic and future-focused suburbs, offering strong appeal for both commercial and residential investors.</span><br><span style="color:rgb(0, 0, 0);font-weight:normal;"> </span><br><span style="color:rgb(0, 0, 0);"><b>Fishmermans bend</b></span><br><br><span style="color:rgb(0, 0, 0);"><b>Transformation & Future Development of Fishermans Bend</b></span><br><span style="color:rgb(0, 0, 0);font-weight:normal;">Fishermans Bend, home to 574 Plummer Street, Port Melbourne, is at the heart of Australia’s largest urban renewal project, spanning 480 hectares across five precincts: Montague, Lorimer, Sandridge, Wirraway, and the Employment Precinct. This transformation aims to accommodate 80,000 residents and 80,000 jobs by 2050, turning the area into a thriving commercial, industrial, and residential hub.</span><br><br><span style="color:rgb(0, 0, 0);"><b>Urban Transformation & Infrastructure Enhancements</b></span><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Public Transport Expansion: Plans include a new tram line extension connecting Fishermans Bend to the CBD, improving accessibility for businesses and residents.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Road & Cycling Infrastructure: Upgraded road networks, pedestrian-friendly streets, and expanded cycling lanes aim to enhance connectivity.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Sustainability Initiatives: Fishermans Bend is set to become Australia’s first zero-carbon inner-city community, with stringent sustainability measures and green building incentives.</span></p></li></ul><br><span style="color:rgb(0, 0, 0);"><b>Commercial & Employment Growth</b></span><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">High-Tech & Innovation Hub: The Employment Precinct within Fishermans Bend will house advanced manufacturing, technology, and engineering industries, anchored by global corporations and research institutions.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Government & Private Investment: The Victorian Government is actively supporting business relocation and development, attracting major tenants in defence, automotive, and technology sectors.</span></p></li></ul><br><span style="color:rgb(0, 0, 0);"><b>Residential & Mixed-Use Development</b></span><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">New Residential Communities: High-density apartment complexes and mixed-use developments will reshape the area, integrating commercial spaces, green parks, and recreational areas.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style
Additional Location Information File<span style="color:rgb(0, 0, 0);"><b>Mulwarra Export Pty Ltd </b></span><br><br><span style="color:rgb(0, 0, 0);font-weight:normal;">Mulwarra Export Pty Ltd is a leading Australian supplier of premium meat, seafood, and gourmet food products to international markets. Established in 1997, the company has built a strong reputation for delivering high-quality Australian produce to clients in over 40 countries, with a focus on hospitality, retail, and food service industries.</span><br><br><span style="color:rgb(0, 0, 0);"><b>Industry & Expertise</b></span><br><span style="color:rgb(0, 0, 0);font-weight:normal;">Mulwarra Export Pty Ltd is a specialist exporter of premium Australian beef, lamb, veal, Wagyu beef, venison, seafood, game meat, charcuterie, poultry, goat meat, pork and specialty cheese.</span><br><span style="color:rgb(0, 0, 0);font-weight:normal;">The company works closely with Australia’s top producers to ensure quality assurance, traceability, and sustainability in its supply chain.</span><br><br><span style="color:rgb(0, 0, 0);"><b>Locations</b></span><br><span style="color:rgb(0, 0, 0);font-weight:normal;">Mulwarra Export is headquartered in Chatswood, NSW & Port Melbourne, VIC with strategic logistics and distribution networks across Australia, Asia, the Middle East, and Europe to ensure efficient product delivery and customer service.</span><br><br><span style="color:rgb(0, 0, 0);"><b>Business Strengths & Market Position</b></span><br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Global Reach: Exporting Australian premium food products to key international markets.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Strong Industry Relationships: Partnering with top Australian farmers, producers, and processors to maintain consistent supply and quality.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Sustainability & Compliance: Operating under stringent Australian food safety and export regulations, ensuring Halal-certified and grass-fed options for diverse global markets.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Financial Stability: Established business model with long-term contracts and repeat clientele across hospitality and food service industries.</span></p></li></ul>
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Suite 4&6/574 Plummer St, Port Melbourne $ 66,117 199sqm $ 332psqm 71/574 Plummer Street Port Melbourne $ 26,400 68sqm $ 388psqm 5/574 Plummer Street, Port Melbourne $ 26,400 89sqm $ 296psqm 29/574 Plummer Street, Port Melbourne $ 20,000 47sqm $ 426pqsm 168 Rouse St, Port Melbourne $ 74,460 110sqm $ 677psqm 298-300 Bay Street, Port Melbourne $ 87,224 172sqm $ 507psqm 2/2 Kent Place, South Melbourne $ 46,800 140sqm $ 334psqm 15-87 Gladstone Street, South Melbourne $ 18,750 52sqm $ 360psqm 28 St Mangos Lane, Docklands $ 37,152 130sqm $ 286psqm
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<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Strong Lease Terms – Three-year lease commencing July 2024, with annual CPI-linked increases, ensuring stable rental growth.</span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Strategic Location - Positioned just minutes from the Melbourne CBD, this prime location offers seamless access to major transport links, including the West Gate Freeway, CityLink, and the Port of Melbourne</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">High-Caliber Tenant – Leased to Mulwarra Export Pty Ltd, a leading Australian exporter of premium meat, seafood, and gourmet foods with a strong international presence.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Flexible Dual Titles – Comprising Suite 4 & Suite 6, offering the potential to lease separately for future value-add opportunities.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;"> Zoning – Capital City Zoning (CCZ) supports long-term capital growth and future redevelopment potential.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Premium Ground-Floor Position – Both suites feature direct street access, enhancing visibility and accessibility.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Light-Filled Workspaces – Abundant natural light creates a bright and productive office environment.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Sought-After Business Precinct – Situated within the Portpark Corporate Centre, a well-established commercial hub in Port Melbourne.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Secure On-Title Parking – Seven dedicated car spaces provide exceptional convenience in a high-demand area.</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Minimal Owner Expenses – Tenant covers all outgoings except land tax and management fees, maximizing investor returns.</span></p></li></ul>
