5-7 George Street, Portland, VIC 3305

Other

For Sale $950,000

  • Property ID: 395219
  • Floor Area: 500m²
  • Land Area: 2788m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the node (FTTN)
Outstanding Investment Opportunity

Assets Real Estate Portland & Heywood are proud to present to the market this investment opportunity, with excellent returns and a still solid lease in place to ensure this long standing tenant gives you the security you're after.

• Blue chip tenant $63,000 per annum
• New 3 year lease with a further 2, 3 year options until 2030
• Tenant pays outgoings

This property provides the purchaser with the following benefits;
• Large 2788m2 allotment
• Approximately 500m2 of office and warehouse space
• Sealed yard area
• Current tenure is Coates Hire
• Leased until 2024 with a further 2, 3 year options
• CPI Increases
• Excellent location

Contact one of our experienced agents today to arrange an inspection.

Portland Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $1172 $75 6.37%
Offices $3112 $123 3.96%
Retail $2382 $128 5.36%
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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