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68-76 Percy Street
Portland VIC 3305
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Sold on 14 Sep 2023

68-76 Percy Street Portland VIC 3305

  • Shop & Retail
  • 1,500 m²
  • Sold

Attention $1.7M Buyers! 8.5% Yield Anticipated | Substantial Fully Let Building with Multiple Income Streams

    Burgess Rawson are delighted to offer to the market an opportunity to acquire a 100% fully leased major freehold interest at 68-76 Percy Street, Portland VIC for sale via Investment Portfolio Auction 163.

    +Fully leased investment including seven (7) commercial & seven (7) residential tenancies.
    +Multiple tenancies providing multiple streams of income.
    +Prized 1,513sqm* landholding, with premium Commercial 1 Zoning (C1Z).
    +Commercial tenancies with landlord favourable net leases, with the tenants paying all usual outgoings, as per the leases.
    +Large 1,500sqm* building with rear lane access and significant 37metre* frontage to Percy Street, Portland's main commercial road link.
    +Central amongst national retailers including Woolworths, ALDI, IGA and major banks.
    +Less than 1 kilometre* from important public infrastructure, Portland District Health and Portland Port.
    +Portland Port: One of Australia's busiest regional ports and the largest sustainable hardwood chip export in the world.
    +Potential 50% stamp duty savings.
    +Portland: major commercial centre with multiple economic drivers including shipping, commercial fishing, agriculture and tourism.
    +Net Income: $143,720 pa* + GST.

    To be sold by Investment Portfolio Auction 163
    10:30am AEST Wednesday 13 September 2023
    Crown Casino, Melbourne

    For more information, please contact the exclusive selling agents.

    SHAUN VENABLES
    0411 860 865
    svenables@burgessrawson.com.au

    DAVID NAPOLEONE
    0417 308 067
    dnapoleone@burgessrawson.com.au

    LIMING QIAO
    0447 288 323
    lqiao@burgessrawson.com.au

    ROMANOR FALCONER
    0413 830 808
    rfalconer@burgessrawson.com.au

    AUCTION

    Auction date and time13/09/2023 10:30
    Auction locationCrown Casino - River Room - Melbourne
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold14 Sep 2023
    Floor Area1,500 m²
    Land Area1,513 m²
    ParkingAsk Agent
    Property ID2018708887
    Category
    Last updated  14 Sep 2023
    Map for 68-76 Percy Street Portland VIC 3305
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold14 Sep 2023
    Floor Area1,500 m²
    Land Area1,513 m²
    ParkingAsk Agent
    Property ID2018708887
    Category
    Last updated  14 Sep 2023

    Co-Agents

    David Napoleone
    Burgess Rawson VIC Pty Ltd
    Call
    0417 308 067
    Shaun Venables
    Burgess Rawson VIC Pty Ltd
    Call
    0411 860 865
    Liming Qiao
    Liming Qiao
    Burgess Rawson VIC Pty Ltd
    Call
    0447 288 323

    More about 68-76 Percy Street Portland VIC 3305

    68-76 Percy Street Portland VIC 3305 is categorized as Shop & Retail Property. It has a floor area of 1,500 m² and a land area of 1,513 m². The listing ID for this property is 2018708887.

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