74 Pier Street, Altona, Vic 3018

Positioned in the heart of Altona's vibrant Pier Street retail precinct, 74 Pier Street presents an outstanding opportunity to secure an established retail investment leased to The Salvation Army (Hobsons Bay Thrift Shop).

Generating net rental income of $71,385 per annum + GST+ outgoings, the property benefits from a 3 x 3 x 3 year lease structure with fixed 4% annual rent increases, offering investors an established income stream with built-in rental growth.

Occupying approximately 275 sqm of land with a 6.4-metre frontage, the property features a prominent shopfront with angled display windows and a recessed entry. Internally, the spacious retail area offers high ceilings, decorative cornicing, timber floorboards, ceiling fans and split-system air conditioning.

Additional accommodation includes a stockroom, staff area with kitchenette, rear storage, WC and an upper-level office. Rear laneway access provides further convenience for deliveries and daily operations.

Surrounded by cafés, restaurants, specialty retailers and essential services, the property enjoys a prime position within Altona's established shopping village. The pedestrian-friendly Pier Street precinct, together with proximity to Altona Station, Altona Beach and Altona Pier, further enhances its appeal.

Property Highlights

• Generating annual rental income of $71,385 + GST + outgoings
• Leased to The Salvation Army (Hobsons Bay Thrift Shop)
• 3 x 3 x 3 year lease structure
• Fixed 4% annual rental increases
• Approx. 275 sqm landholding with 6.4m frontage
• Prominent shopfront with angled display windows
• Spacious retail area with high ceilings and timber flooring
• Stockroom, kitchenette, storage and WC
• Upper-level office and rear laneway access

Prime Pier Street location, moments from Altona Station and the beach

An appealing opportunity for investors seeking established rental income, fixed annual growth and a well-positioned commercial asset in Melbourne's bayside.