Gross Waddell ICR is delighted to present this stand-alone retail investment, positioned within the popular Bay Street retail strip offering a diverse range of retailers including cafés, service retail, specialty stores, banks and Coles supermarket.

Located in sought-after city fringe suburb featuring strong property fundamentals including median house price of $1.6m (source: REIV), close to public transport, bay beaches and more.

• Rental of $52,868 pa* net + GST (as at 1/4/2026) with annual 4% increases and reviews to market at options

• Leased to established business trading as “Bakehouse On Bay”

• Current term of 7 years (comm. 1/4/23) plus Two (2) x Four (4) year options

• Single level improvement of 92sqm* plus rear courtyard dining area and rear on-site car parking

• Landholding of 197sqm* with rear frontage to Lalor Street

• Commercial 1 (C1Z) zoning

For sale via on-site Auction on Thursday 26 February 2026 at 12pm.

For more information or to arrange an inspection, please contact the below:
Andrew Greenway 0409 547 626
Richard Lowe 0425 742 777

*approximate