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68-76 Percy Street, Portland, VIC, 3305

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68-76 Percy Street, Portland, VIC, 3305

Portland

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68-76 Percy Street, Portland, VIC, 3305

68-76 Percy Street, Portland, VIC, 3305

Properties / Sold / Victoria / Portland
Tenanted Investment
Selling Method
Auction
Selling Details
Price on Request
Land Area
1,513 m² (*approx)
Floor Area
1500 m² (*approx)
Property Type
Retail, Land
Sub-type
Strip Retail, Mixed Use
Est. Income
$144,000 p/a
Show All
Attention $1.7M Buyers! 8.5% Yield Anticipated | Substantial Fully Let Building with Multiple Income Streams
  • Significant 1,513sqm* Landholding
  • Multiple Income Streams - 14 Tenancies
  • Combined Building Area of 1,500 sqm*

Burgess Rawson are delighted to offer to the market an opportunity to acquire a 100% fully leased major freehold interest at 68-76 Percy Street, Portland VIC for sale via Investment Portfolio Auction 163.

+Fully leased investment including seven (7) commercial & seven (7) residential tenancies.

+Multiple tenancies providing multiple streams of income.

+Prized 1,513sqm* landholding, with premium Commercial 1 Zoning (C1Z).

+Commercial tenancies with landlord favourable net leases, with the tenants paying all usual outgoings, as per the leases.

+Large 1,500sqm* building with rear lane access and significant 37metre* frontage to Percy Street, Portland’s main commercial road link.

+Central amongst national retailers including Woolworths, ALDI, IGA and major banks.

+Less than 1 kilometre* from important public infrastructure, Portland District Health and Portland Port.

+Portland Port: One of Australia’s busiest regional ports and the largest sustainable hardwood chip export in the world.

+Potential 50% stamp duty savings.

+Portland: major commercial centre with multiple economic drivers including shipping, commercial fishing, agriculture and tourism.

+Net Income: $143,720 pa* + GST.

To be sold by Investment Portfolio Auction 163

10:30am AEST Wednesday 13 September 2023

Crown Casino, Melbourne

For more information, please contact the exclusive selling agents.

SHAUN VENABLES

0411 860 865

[email protected]

DAVID NAPOLEONE

0417 308 067

[email protected]

LIMING QIAO

0447 288 323

[email protected]

ROMANOR FALCONER

0413 830 808

[email protected]

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment
Tenanted Investment

68-76 Percy Street Investment Summary

Property Type
Retail, Land
Sub-type
Strip Retail, Mixed Use
Est. Income
$144,000 p/a
Land Area
1,513 m² (*approx)
Floor Area
1500 m² (*approx)
Selling Method
Auction
Auction Date
13 Sep 2023 10:30AM
Selling Details
Price on Request

Investment Highlights

Attention $1.7M Buyers! 8.5% Yield Anticipated | Substantial Fully Let Building with Multiple Income Streams
  • Significant 1,513sqm* Landholding
  • Multiple Income Streams - 14 Tenancies
  • Combined Building Area of 1,500 sqm*

Burgess Rawson are delighted to offer to the market an opportunity to acquire a 100% fully leased major freehold interest at 68-76 Percy Street, Portland VIC for sale via Investment Portfolio Auction 163.

+Fully leased investment including seven (7) commercial & seven (7) residential tenancies.

+Multiple tenancies providing multiple streams of income.

+Prized 1,513sqm* landholding, with premium Commercial 1 Zoning (C1Z).

+Commercial tenancies with landlord favourable net leases, with the tenants paying all usual outgoings, as per the leases.

+Large 1,500sqm* building with rear lane access and significant 37metre* frontage to Percy Street, Portland’s main commercial road link.

+Central amongst national retailers including Woolworths, ALDI, IGA and major banks.

+Less than 1 kilometre* from important public infrastructure, Portland District Health and Portland Port.

+Portland Port: One of Australia’s busiest regional ports and the largest sustainable hardwood chip export in the world.

+Potential 50% stamp duty savings.

+Portland: major commercial centre with multiple economic drivers including shipping, commercial fishing, agriculture and tourism.

+Net Income: $143,720 pa* + GST.

To be sold by Investment Portfolio Auction 163

10:30am AEST Wednesday 13 September 2023

Crown Casino, Melbourne

For more information, please contact the exclusive selling agents.

SHAUN VENABLES

0411 860 865

[email protected]

DAVID NAPOLEONE

0417 308 067

[email protected]

LIMING QIAO

0447 288 323

[email protected]

ROMANOR FALCONER

0413 830 808

[email protected]

Remember to mention you found this property on CommercialReady

Read More
Tenanted Investment

Property Location of 68-76 Percy Street, Portland, VIC, 3305

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Portland Suburb Report About this data Demographic data is sourced from the Australian Bureau of Statistics (ABS) 2021 Census and reflect conditions at the time of collection.

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68-76 Percy Street, Portland, VIC, 3305

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68-76 Percy Street, Portland, VIC, 3305 Portland
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