69-71 Percy Street, Portland
Central CBD Commercial Investment - Portland
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We have an incredible opportunity to purchase an investment property in the heart of Victoria's birthplace.
The building is on two titles, is in excellent condition throughout and features double window frontage, good rear access, and is showing good returns (approx 7%+) and a long lease in place with the current tenant specialising in surfing, sporting goods and related apparel.
The 513.6 m2 property has a loading area of approx 75m2 at the rear.
Two large display windows at the front provide ample display space for the current tenant - a surf and associated apparel shop.
There are four reverse cycle heating/cooling units and a number of ceiling fans as well as a security camera system that covers most of the shop-floor space.
The storeroom at the rear of the shop has plenty of room to store excess stock and has a roller door opening onto the loading bay.
Staff amenities include a bathroom, kitchenette with sink, breakfast bar with space for a bar fridge and microwave. The property also houses an office with tinted windows overlooking the shop floor.
Delve into history and get back to nature in this thriving city by the sea. Wander streets dotted with beautifully maintained heritage buildings and dine on great pub fare while overlooking the harbour. Portland's waterfront is alive with activity – see big ships from around the world come in to load up local produce and the local fishing fleet unload its catch. Take a ride on the foreshore cable tram, spot seals at Cape Bridgewater, watch blue whales off Cape Nelson or traverse the Great South West Walk.
If you're after a spot of fishing, Portland is an angler's paradise. From a boat or the beach, there's an extensive range of fish to be hooked.
While locals may want to keep it quiet, Portland also has some of the best surf this side of Bells Beach.
For more information on this property contact Michael Goldby
0355 232200 from Dundas Coastal Real Estate or
Stuart Wakely from Assets Real estate 0355 223333
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$3,078
Estimated monthly repayments based on advertised price of $535000.
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