SOLD
Sold on 28 Jun 2024 for $698,447

15-17 Richmond Street
Portland VIC 3305

Bedrooms: -
Bathrooms: 1
Car spaces: 10
Land area: 1442m2
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Property Details for 15-17 Richmond St, Portland

Building Type
Commercial
Land Size
1442m2
Local Government
Glenelg
Lot/Plan
2/TP80293

Last Listing description (February 2022)

Situated in the heart of the attractive city of Portland, located at the end of the Great Ocean Road, is this retail warehouse in Richmond Street. This piece of real estate is an excellent blue chip commercial property and lends itself to various development opportunities (STCA) The building lends itself to many uses, from bulk goods, retail outlet or a combination of business/residential development (STCA) The property is currently on 3 titles and zoned commercial 1 and ready for development.
Currently the site lends it self to a variety of opportunities and the new owners would be able to stamp their own influence on the site. Situated on an elevated block only a block back from Portland's Foreshore area, this site would make an ideal residential/commercial site and from a 2nd story development would have commanding views over the Portland Bay.
Contact the team at Portland Seaview Real Estate today to organise your inspection of this blue chip property.

Property History for 15-17 Richmond St, Portland, VIC 3305

A timeline of how this property has performed in the market
Last Sold
$698,447
28 Jun 2024
Listed for Rent
20 Jul 2017
  • 28 Jun 2024
    Sold for $698,447
  • 27 Sep 2021
    Listed for Sale $890,000
  • 15 May 2018
    Listed for Sale Not Disclosed
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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 6,581 properties. Over the last 5 years, Houses in Portland have seen a 66.02% increase in median value, while Units have seen a 17.40% increase. As at 30 November 2024:

  • The median value for Houses in Portland is $394,895 while the median value for Units is $278,104.
  • Houses have a median rent of $450 while Units have a median rent of $385.
There are currently 161 properties listed for sale, and 2 properties listed for rent in Portland on OnTheHouse. According to CoreLogic's data, 252 properties were sold in the past 12 months in Portland.

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