FOR SALE
$518,000

1D Wolgan Street
Portland NSW 2847

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 180m2
Land area: 303m2
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Fully Leased Commercial Property Investment

LJ Hooker Lithgow and Cabmon Property invite you to inspect, this fully leased tenanted commercial property investment.
Located in the heart of Portland NSW and originally the home of the Commonwealth Bank of Australia, this solid piece of real estate is now leased to the National retail chain "Vinnies" the retail shop front for the St Vincent de Paul Society and the Commonwealth Bank.
Originally constructed for the Commonwealth Bank, the building is placed upon 303sqm of land this 180sqm building and is air-conditioned, solid brick construction with a steel roof, 11metre frontage to Wolgan street, rear access and parking for 3 this is a must see and may make a the perfect addition to your property portfolio at less than the replacement cost of the building.
For more information please contact Jamie Giokaris of LJ Hooker Lithgow 0418201028 or Peter Seeto of Cabmon Property 0400222666

Property Details for 1d Wolgan St, Portland

Building Type
Commercial
Floor Size
180m2
Land Size
303m2

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About Portland 2847

The size of Portland is approximately 98.2 square kilometres. It has 3 parks covering nearly 15.9% of total area. The population of Portland in 2011 was 2,307 people. By 2016 the population was 2,430 showing a population growth of 5.3% in the area during that time. The predominant age group in Portland is 50-59 years. Households in Portland are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Portland work in a trades occupation. In 2011, 81.2% of the homes in Portland were owner-occupied compared with 81.5% in 2016.

Portland has 1,461 properties. Over the last 5 years, Houses in Portland have seen a 61.67% increase in median value, while Units have seen a -13.80% decrease. As at 30 September 2024:

  • The median value for Houses in Portland is $417,777 while the median value for Units is $407,945.
  • Houses have a median rent of $400.
There are currently 26 properties listed for sale, and 1 property listed for rent in Portland on OnTheHouse. According to CoreLogic's data, 54 properties were sold in the past 12 months in Portland.

Suburb Insights for Portland 2847

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Jamie Giokaris
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LJ Hooker Lithgow
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.