FOR SALE
$1,200,000

86 & 86a Percy Street
Portland VIC 3305

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 530m2
Land area: 543m2
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Premium Blue - Chip Investment

Discover this prime freehold blue-chip investment opportunity in the heart of Portland's CBD. This rare opportunity is nestled strategically near Woolworths and other major retail outlets, this property boasts a commercial 1 zoning on a generous 540m2 land parcel. The high-profile, single-story structure spans an impressive 46m dual street frontage, providing excellent visibility. Impeccably presented, the main building features a blue-chip tenant, with the second complementing a retail shop, complete with a spacious shop front and rear storage. With 86% of income secured by the ASX-listed Commonwealth Bank, this freehold presents a fantastic opportunity for a portfolio investment, combining prime location and a reputable tenant. Seize the chance for a secure and lucrative addition to your real estate portfolio.
Contact Assets Real Estate for more information today on 5522 3333.

Property Details for 86 & 86a Percy St, Portland

Building Type
Commercial
Floor Size
530m2
Land Size
543m2

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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 6,562 properties. Over the last 5 years, Houses in Portland have seen a 77.78% increase in median value, while Units have seen a 29.97% increase. As at 31 July 2024:

  • The median value for Houses in Portland is $384,680 while the median value for Units is $245,918.
  • Houses have a median rent of $430 while Units have a median rent of $350.
There are currently 166 properties listed for sale, and 1 property listed for rent in Portland on OnTheHouse. According to CoreLogic's data, 224 properties were sold in the past 12 months in Portland.

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Assets Real Estate
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Stuart Wakely
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Assets Real Estate Portland
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