FOR SALE
$710,000

83 Percy Street
Portland VIC 3305

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 230m2
Land area: 481m2
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Prime CBD Corner Location

If you're looking for a blue chip investment look no further than 83 Percy Street in the heart of Portland's CBD. With a Prime location in the main street and frontage on both Percy and Henty Street, this corner commercial building is a very attractive opportunity. The 230m2 building sits upon approximately 481m2 and is Commercial 1 Zoned with a brand new heating and cooling system recently installed and a new front verandah. Currently tenanted by corporate tenants Bendigo Bank making a great investment with a return of 6.3% at asking price.
For more information or to arrange an inspection, contact Assets Real Estate today on 55223333

Property Details for 83 Percy St, Portland

Building Type
Commercial
Floor Size
230m2
Land Size
481m2

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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 6,577 properties. Over the last 5 years, Houses in Portland have seen a 63.79% increase in median value, while Units have seen a 41.95% increase. As at 31 October 2024:

  • The median value for Houses in Portland is $384,561 while the median value for Units is $277,420.
  • Houses have a median rent of $450 while Units have a median rent of $375.
There are currently 156 properties listed for sale, and 1 property listed for rent in Portland on OnTheHouse. According to CoreLogic's data, 245 properties were sold in the past 12 months in Portland.

Suburb Insights for Portland 3305

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Assets Real Estate
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Angie Steel
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Assets Real Estate Portland
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Disclaimer
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.