2451mf - A Rare Freehold - Invest In A High Growth Asset
- A property just waiting for your enthusiasm.
- Take a year or so to grow back the asset value by at least 30%.
- Enjoy a sea change lifestyle on the edge of the extended Great Ocean Road.
- An excellent start has been made in a refurbishment program.
William Dutton presents with well above average size rooms, in a city that continues to enjoy the commercial stability offered by the aluminium smelter, the port supporting the live animal export and the voracious world demand for timber - the new plastic!
It's also the point of manufacture of the wind turbines, now appearing in their hundreds.
THE AVERAGE YIELD PER ROOM IN PORTLAND IS $20,000 (ABS FY 2016). THERE'S 27 ROOMS HERE. NOW YOU DO THE MATHS.
READY, SET, GO!
Net profit $141,778 for 2016/17
Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2451MF (quote when enquiring)
Location: Portland is situated on the far South West Coast of Victoria and offers a great range of activities including fantastic beaches, fishing, Whale watching, tours of aboriginal sites, shopping, history and botanical gardens. Portland has a great range of restaurants, cafes and takeaway food options as well as local shopping for those who prefer to self-cater.
The region is home to a diverse industry base, primarily manufacturing, primary production, community and health services, tourism, education, transport and retail sectors.
Portland's waterfront is alive with activity - see big ships from around the world come in to load up local produce and the local fishing fleet unload its catch. Take a ride on the foreshore cable tram, spot seals at Cape Bridgewater, watch blue whales off Cape Nelson or traverse the Great South West Walk.
The Port is served by both road and rail systems, which bypass the City of Portland to allow 24-hour access. It delivers $2.5 billion into the region and the nation each year - a figure that will continue to grow.
Property Code: 2643