FOR SALE
$269,000 inc. GST

Shop 4, 103-111 Percy Street
Portland VIC 3305

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 136m2
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PRIME LOCATION & PRIME TENANT! FREEHOLD ONLY

Nestled in the bustling heart of Portland's primary shopping precinct, this prominent building enjoys a highly coveted location, directly opposite the Post Office. Not only does it offer an exceptional address, but it also boasts a well-established, long-term tenant, making it an attractive investment opportunity.
This property is one of four distinct shop fronts, and it stands out as the cream of the crop with a generous 6.5-meter frontage and a substantial total building area of 135.9m2.
Practicality meets convenience with rear access to the property plus there is a kitchenette, store room and reliable security system.
The current lease agreement is in place until June 2024 generating a stable income of $1,472 approx. per month resulting in a net yield of approximately 6.6%. The tenant is a long term guarantee.
So if you're a savvy investor seeking a valuable addition to your portfolio, this property's prime location, extensive space, and reliable tenant make it a compelling opportunity. Contact us today to explore the potential and secure this outstanding investment in the heart of Portland's commercial hub.

Property Details for Shop 4, 103-111 Percy St, Portland, VIC 3305

Building Type
Commercial
Floor Size
136m2

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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, 243 properties were sold in the past 12 months in Portland.

Suburb Insights for Portland 3305

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Nikki Hudson
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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.