64 Percy Street Portland VIC 3305

Burgess Rawson are delighted to present to the market 64 Percy Street, Portland VIC for sale via Investment Portfolio Auction 173.

The property has the following investment highlights:
+ Renewed 5 year lease to National Australia Bank to December 2029
+ No further option
+ National Australia Bank: Top 4 ASX listed financial institution with over 8.5 million customers and 32,000 employees** and market cap circa $118 billion
+ Annual CPI rent reviews
+ NAB pay all usual statutory outgoings including Land Tax
+ Prime central 776sqm* site (including common property) with 10.5 metre* retail frontage
+ Important Commercial 1 zone
+ Large modern versatile 450sqm* single level building
+ Includes covered car park on site (rear common property)
+ Central CBD location amongst Aldi, Woolworths, IGA, Amcal, Guardian Pharmacy, Westpac, CBA, Australia Post etc
+ Potential 50% stamp duty savings
+ Portland Port: One of Australia busiest regional ports and the largest sustainable hardwood chip export in the world.
+ Portland: major commercial centre with multiple economic drivers including shipping, commercial fishing, agriculture and tourism.
+ Net Income: $87,984pa* + GST

For Sale by Portfolio Auction Investment 173
10.30am (AEDT), Wednesday 11 December 2024
River Room, Crown Casino, Melbourne

* Approximate
**NAB