FOR SALE
Price:
Land Area:
4334m² approx.
Total Building Area:
100m²
New 10 Year Lease - High Yield Anticipated
New 10 year lease plus options to 2038.
Refurbished and extended building includes 45 self contained apartments and executive suites.
Recently sub-divided, the building lends itself to the astute investor the opportunity to sell the apartments individually.
Superior inner city location within a short walk to the main shopping strip.
Large commercial 1 & residential 1 zoned site.
Tourist and business location, Portland is a major deep-sea port including Alcoa Aluminium smelter and a large fishing industry with a population of circa 12,000.
Rent: $566,800 pa (as at July 2014).

Under Instructions from Brooke Bird as Agents for the Mortgagee in Possession.