91 & 91A Garden Street, Portland, VIC 3305

Retail | Showrooms | Other

Sold $199,000

  • Property ID: 280027
  • Land Area: 522m²
  • NBN Availability: Build Commenced
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 16/02/2018 N/A 522m2 $195,000
Garden Street Laundrette

This commercial property and business is the perfect acquisition for the already employed investor. The laundrette business requires no staff and only 1/2 an hour effort per day for cleaning. The shop area of the building has been refurbished . All 6 washing machines and 4 dryers are in excellent condition and a beverage and snack vending machine is also included. An alarm and surveillance system has also been installed to the laundrette. Private living quarters, which are currently tenanted at $125 per week, are located to the rear of the property and comprise of an open plan living area and bedroom, kitchen, combined laundry and bathroom and an outdoor living area. The property is on 2 Titles and the shop area and living quarters are separately metered for gas and power. The business is showing very solid returns with very little input required.

Additional Information
Features
  • Car Spaces: 6 2 off street and 4 on street
Portland Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $1975 $77 3.89%
Industrial $1267 $77 6.06%
Offices $2264 $92 4.05%
This is the average advertised price, rent and yield for Portland, VIC 3305*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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