FOR SALE
$420,000

100 Percy Street
Portland VIC 3305

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 190m2
Land area: 525m2
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PRIME COMMERCIAL REAL ESTATE

Presenting as excellent opportunity, 100 Percy Street in Portland stands as a testament to prime commercial real estate within the heart of the CBD. Boasting a long-standing tenant and demonstrating robust returns, this 525m2 allotment includes a 190m2 building with a spacious retail area, two offices, a toilet and ample storage space, all complemented by rear parking facilities. Ideal for investors seeking both stability, and potential growth, this property not only offers immediate returns but also holds promise for further development, pending council approval. With its strategic location and promising prospects, 100 Percy Street emerges as an enticing investment prospect for those keen on securing a foothold in Portland's vibrant commercial landscape.

Property Details for 100 Percy St, Portland

Building Type
Commercial
Floor Size
190m2
Land Size
525m2

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About Portland 3305

The size of Portland is approximately 33.5 square kilometres. It has 28 parks covering nearly 6.2% of total area. The population of Portland in 2011 was 9,600 people. By 2016 the population was 9,717 showing a population growth of 1.2% 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, 68% of the homes in Portland were owner-occupied compared with 65.2% in 2016.

Portland has 6,563 properties. Over the last 5 years, Houses in Portland have seen a 65.80% increase in median value, while Units have seen a 40.03% increase. As at 30 September 2024:

  • The median value for Houses in Portland is $389,963 while the median value for Units is $267,575.
  • Houses have a median rent of $450 while Units have a median rent of $360.
There are currently 163 properties listed for sale, and 3 properties listed for rent in Portland on OnTheHouse. According to CoreLogic's data, 234 properties were sold in the past 12 months in Portland.

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Stuart Wakely
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