Development/Land

Property ID: 353345

 

Development Opportunity

175 / 177 Percy Street, Portland, VIC 3305

WITH a combined road frontage of 85m, this well-positioned large corner property offers easy access from both streets and is ripe for redevelopment (subject to council approval) offering plenty of room for a substantial footprint.
Located in a fantastic central part of Portland's retail precinct, this 1821m2 corner allotment is an ideal development opportunity.
Zoned mixed use zone 1, the property is on two titles, which the vendor is willing to consider for sale separately, by expression of interest.
175 Percy St is a cleared block, fronting on to Percy St.
177 Percy St consists of a spacious office building with a pedestrian door opening onto Percy St, as well as doors onto the adjoining north-facing gravel area, and at the rear. There is also a separate storeroom on the west side of the office. The original three-bedroom 1950s house is currently used for storage and could be renovated to create a family home. It consists of a spacious north-facing lounge room with oil heater set in the original brick hearth, a spacious north facing master bedroom, second double bedroom with built-in robes, a family bathroom containing a handbasin, and bath with shower over it, and a spacious kitchen/dining room.
At the rear of the house is a porch area with a spacious laundry and toilet on the west side, while the third bedroom is east facing. To the west of the house is a small storage shed, and a brick double garage with roller door at the front. The whole of this property has a high metal fence with wide gates off Townsend St, providing good access to the property.
With ample parking available, this property offers a great investment opportunity for the future with many possibilities including renovating the existing house, building a shed, work from home and rent out the front office, or remove the current buildings for a blank canvas for future development (all subject to council approval).
This is a rare opportunity to purchase a large cor...

For Sale

$750,000

Assets Real Estate Portland

Ben Nash