Nestled in the bustling heart of Portland's primary shopping precinct, this prominent building enjoys a highly coveted location, directly opposite the Post Office. Not only does it offer an exceptional address, but it also boasts a well-established, long-term tenant, making it an attractive investment opportunity.
This property is one of four distinct shop fronts, and it stands out as the cream of the crop with a generous 6.5-meter frontage and a substantial total building area of 135.9m2.
Practicality meets convenience with rear access to the property plus there is a kitchenette, store room and reliable security system.
The current lease agreement is in place until June 2027 generating a stable income of $1,625 approx. per month resulting in a net yield of approximately 6.6%. The tenant is a long term guarantee.
So if you're a savvy investor seeking a valuable addition to your portfolio, this property's prime location, extensive space, and reliable tenant make it a compelling opportunity. Contact us today to explore the potential and secure this outstanding investment in the heart of Portland's commercial hub.
NB: Boundary lines shown are an approximate only.
