Attention $1.7M Buyers! 8.5% Yield Anticipated | Substantial Fully Let Building with Multiple Income Streams
68-76 Percy Street, Portland VIC
Property Highlights
Description
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
svenables@burgessrawson.com.au
DAVID NAPOLEONE
0417 308 067
dnapoleone@burgessrawson.com.au
ROMANOR FALCONER
0413 830 808
rfalconer@burgessrawson.com.au
Property Details