109 - 121 Learmonth Street, PORTLAND VIC 3305
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- 3 Mar 2017
Excellent Investment showing great returns.
If your looking for a solid investment opportunity than look no further than this large 3 storey brick building. This property currently has multiple tenants in property showing providing approx 13% gross return and room for further expansion. Currently housing large scale businesses which include Braithwaites furniture, The Glenelg warehouse, Garden life nursery and Seaview Storage Solutions.
Seaview Storage solutions currently houses 40 storage units with room to extend to 80 storage units in total. This property still has the 3rd storey vacant and room for further expansion for the new owners to increase the area currently occupied. The property is situated on approximately 16350m2 and the warehouse is approx 4500m2 per level and the property includes a 4 bedroom care-takers area with 2 large living areas and large kitchen/dining area. For more details or to view lease returns on this excellent investment. Please contact Allan Barrett at Portland Seaview Real Estate.
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
109 - 121 Learmonth Street PORTLAND