5-7 Fitzgerald Place Portland VIC 3305

Factory, Warehouse & Industrial
3,984 m²
Sold

3 Secure Tenants 8.4% Return

With 3 secure tenants yielding approx. 8.4% return, must make this industrial site very appealing.
The property is well located just off the ring road to the port, in an industrial zoned area.

The incomes are approximately:
Axicom phone tower lease to 2046 at $ 15,000
Bayside Industrial Coatings lease to 2025 at $ 41,000
RJ & JM Kerr, Car Restorations lease to 2021 at $ 13,000

TOTAL $69,000 p.a.

All tenants have long lease options with annual rental increases.

Groves Real Estate

175 Gray Street

Hamilton, VIC 3300

Property Highlights

Date Sold	14 Nov 2022
Floor Area	3,984 m²
Land Area	Ask Agent
Parking	Ask Agent
Property ID	2016339277
Category	Factory, Warehouse & Industrial Shop & Retail
Last updated	17 Nov 2022

Map for 5-7 Fitzgerald Place Portland VIC 3305

Nearest transport* to 5-7 Fitzgerald Place Portland VIC 3305

Bus

Marriott Ct/Browning St (Portland)	346 m
Stewart St/Garden St (Portland)	407 m
Kennedy St/Browning St (Portland)	593 m
Osbourne St/Garden St (Portland)	678 m

*Within a 4km radius

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Groves Real Estate

175 Gray Street

Hamilton, VIC 3300

Property Highlights

Date Sold	14 Nov 2022
Floor Area	3,984 m²
Land Area	Ask Agent
Parking	Ask Agent
Property ID	2016339277
Category	Factory, Warehouse & Industrial Shop & Retail
Last updated	17 Nov 2022

Listed by

Darren Groves

Groves Real Estate

Call

0419 735 228

More about 5-7 Fitzgerald Place Portland VIC 3305

5-7 Fitzgerald Place Portland VIC 3305 is categorized as Factory, Warehouse & Industrial Property. It has a floor area of 3,984 m². The listing ID for this property is 2016339277.