Canton Palace Chinese Restaurant, Portland, VIC 3305

Other | Other

For Sale $125,000 plus any applicable GST

  • Property ID: 383592
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the node (FTTN)
Canton Palace Chinese Restaurant

Business For Sale
A fantastic walk-in walk out opportunity to purchase a long-established business in the heart of Portland’s CBD. The property is leased and includes the restaurant, together with an upstairs unit.
The restaurant includes bar facilities and can seat 80-90 people comfortably with the option to have an area for functions. Located at the rear of the property is a double bay garage with additional upstairs storage.
A great area for possible expansion of this business is “Dumpling Alley” a feature of the property that provides for specialised outdoor service. Featuring an outdoor service window and courtyard.
The upstairs unit has two bedrooms, a study or third bedroom, large living area with gas heating, a combined bathroom and laundry, kitchen with a sink and cupboards and a rear carpark.
Do not miss this amazing opportunity to purchase an already established business set up ready to provide a great income with potential.

Portland Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $1172 $75 6.37%
Retail $2382 $128 5.36%
Offices $3112 $123 3.96%
This is the average advertised price, rent and yield for Portland, VIC 3305*
* 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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