10 & 12 Fern Street present a rare and versatile real estate opportunity in a highly sought-after coastal location, just moments from key amenities. Ideally positioned directly opposite Portland Hospital and a short 200-metre stroll to Nun’s Beach, this prominent corner allotment also enjoys convenient proximity to the CBD, cafés, and local shops just three blocks away. Set on a substantial combined landholding of approximately 912m², the property comprises two separately titled, self-contained, beautifully presented dwellings, offering immediate income and future development potential (STCA). Also perfect for those seeking a multigenerational living space solution in an ideal location. With dual street access from Fern Street and Milbanke Street, and a large rear yard providing multiple sealed car spaces, the site is well-suited to a range of residential or commercial uses. Both properties are securely leased to a long-standing commercial tenant, with leases in place until 30 November 2026 and a strong history of renewal making this an attractive investment opportunity.
Number 10: Features a renovated three-bedroom home set on approximately 579.86m². The residence includes a modern kitchen with stone benchtops and European appliances, a central bathroom, separate second toilet, and a single carport. Additional features include built-in robes in all bedrooms, a combination of hardwood and carpeted flooring, tiled wet areas, three reverse-cycle air conditioners, and central gas ducted heating.
Number 12: Offers a well-maintained one-bedroom unit on approximately 333.1m², complete with a spacious bedroom and living room with separate kitchen, bathroom, entry, and external laundry. The property includes quality carpet in the living spaces and two reverse-cycle air conditioners providing ample heating and cooling.
This unique dual-title property combines strong rental returns, prime location, and outstanding future potential, making it an exceptional offering for investors, developers, or owner-occupiers seeking flexibility and long-term value.
Estimated monthly repayments based on advertised price of $975,000.
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