The Exchange Hotel, 39 Bay Street,
Port Melbourne, VIC 3207
Hotel, Motel & Leisure • Shops & Retail • Development Sites & Land
Key property information
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Property extent
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CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
The Exchange Hotel, 39 Bay Street
Port Melbourne, VIC 3207
Map of The Exchange Hotel, 39 Bay Street
Inner City Hotel Freehold with 9 Year WALE to AVC
- Securely leased to 2031 plus options
- Annual CPI reviews (uncapped)
- Top tier tenant: AVC
Renewed 10 year lease to 2031 to Australian Venue Co (AVC), with four further five year options through to 2051.
AVC is Australia's second largest hotelier with over 200 venues. AVC is also Australia's fastest growing hotel network, having bought 45 new hotels in the last 12 months and recently announced a 13-15% increase in revenue compared to pre-COVID conditions.
The Exchange Hotel has been a Port Melbourne institution since 1916.
Set and forget, net lease terms with the tenant responsible for council rates, water rates, building insurance, public liability Insurance, repairs and maintenance.
Uncapped annual CPI rent reviews.
Large high-profile corner site located directly opposite multiple 9 level developments.
Strategically located in the heart of Port Melbourne’s renowned Bay Street Shopping Precinct, just 2.7km* from the Melbourne CBD, surrounded by leading retail and service providers.
Several major high-rise developments planned or under construction in the nearby vicinity, providing additional future population to the immediate area.
Highly sought-after Mixed Use Zone (MUZ) with DDO1-1B & 2 overlays allowing future upside potential (STCA).
Port Melbourne: An in-demand upscale suburb in the City of Port Phillip, with 44% forecast population growth by 2041 (1).
Net Income: $413,577 pa.
For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 14 September 2022
*Approx
1. .id
AVC is Australia's second largest hotelier with over 200 venues. AVC is also Australia's fastest growing hotel network, having bought 45 new hotels in the last 12 months and recently announced a 13-15% increase in revenue compared to pre-COVID conditions.
The Exchange Hotel has been a Port Melbourne institution since 1916.
Set and forget, net lease terms with the tenant responsible for council rates, water rates, building insurance, public liability Insurance, repairs and maintenance.
Uncapped annual CPI rent reviews.
Large high-profile corner site located directly opposite multiple 9 level developments.
Strategically located in the heart of Port Melbourne’s renowned Bay Street Shopping Precinct, just 2.7km* from the Melbourne CBD, surrounded by leading retail and service providers.
Several major high-rise developments planned or under construction in the nearby vicinity, providing additional future population to the immediate area.
Highly sought-after Mixed Use Zone (MUZ) with DDO1-1B & 2 overlays allowing future upside potential (STCA).
Port Melbourne: An in-demand upscale suburb in the City of Port Phillip, with 44% forecast population growth by 2041 (1).
Net Income: $413,577 pa.
For Sale by Investment Portfolio Auction
10:30am AEST Wednesday 14 September 2022
*Approx
1. .id
Port Melbourne, 3207 demographic data
The median household income for Port Melbourne is $2,372, 25% higher than Greater Melbourne's household income of $1,901. Port Melbourne has an older age profile compared to the rest of Greater Melbourne (median age 42 vs 37). Property ownership data shows 51% of property owners in Port Melbourne have a mortgage.
17,633
Population
$2,372 per week
Median household income
42 years
Median age
Owners
Most residents
Families
Most households
CBRE - VICLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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