84 Newcombe StreetPortarlington VIC 3223
Property Details for 84 Newcombe St, Portarlington
84 Newcombe St, Portarlington is a 1 bedroom, 1 bathroom House. The property has a land size of 186m2. While the property is not currently for sale or for rent, it was last transferred in August 2019.
Last Listing description (August 2016)
Ideally located within a growing lifestyle and residential area this well established cafe in the heart of Portarlington offers enormous potential to the astute cafe buyer looking to run their own business.
Located on the stunning Bellarine Peninsula in a high growth area this is the perfect opportunity to expand the existing business.
With a consistent trading profit over 10 years and a high profile Newcombe Street position the fully licensed cafe boasts a stunning outlook across parkland to the bay, internal seating for 45 and sidewalk seating for 14.
Currently operating 5 days per week with the potential to increase trading hours and enhance profit margins.
A secure lease is in place.
Property History for 84 Newcombe St, Portarlington, VIC 3223
- 16 Aug 2019Transferred
- 27 Jul 2015Sold for $610,000
- 03 Mar 2015Listed for Sale $175,000
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0About Portarlington 3223
The size of Portarlington is approximately 24.8 square kilometres. It has 15 parks covering nearly 8.9% of total area. The population of Portarlington in 2011 was 3,581 people. By 2016 the population was 3,618 showing a population growth of 1.0% in the area during that time. The predominant age group in Portarlington is 60-69 years. Households in Portarlington are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Portarlington work in a professional occupation. In 2011, 72.8% of the homes in Portarlington were owner-occupied compared with 69.6% in 2016.
Portarlington has 4,136 properties. Over the last 5 years, Houses in Portarlington have seen a 36.03% increase in median value, while Units have seen a 30.36% increase. As at 31 October 2024:
- The median value for Houses in Portarlington is $842,887 while the median value for Units is $671,719.
- Houses have a median rent of $480 while Units have a median rent of $440.
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