68-82 Percy Street, Portland

• Approx 0 Square metres

Prime Portland CBD Corner Site

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2636m2 on 4 Titles. Redevelopment potential (STCA). Includes 10 shops, 11 residential second storey units and 2 offices.
Current gross income (the last 12 months) is $230,950 PA with 8 units, 2 shops and 2 offices Units consist of 4 x one bedroom, 4 x two bedroom and 2 x three bedroom units and one bed-sit. All units and shops are separately water and power metered and have been substantially refurbished over last the 2 years.
There is good potential for Strata subdivision (STCA) with large vacant Business 1 high-density zoned areas to the east of 3 of the titles. With some re-arrangement an area more than 800m2 could be made vacant with potential for second storey development with car parking underneath (STCA).
A road easement is attached to one title and in favour of all other titles along the rear/eastern boundary opening onto Henty Street.
A wealth of opportunity awaits the astute purchaser whilst enjoying the current cash positive return from this Bookmark premium location.

Auction to be held at Blue Room, Richmond Henty Hotel, Bentinck Street, Portland on Saturday 17 March 2012 at 12.30pm.

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