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5-7 Fitzgerald Place
Portland VIC 3305
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Sold on 14 Nov 2022

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 Sold14 Nov 2022
Floor Area3,984 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2016339277
Category
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
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
*Within a 4km radius
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Groves Real Estate
175 Gray Street
Hamilton, VIC 3300

Property Highlights

Date Sold14 Nov 2022
Floor Area3,984 m²
Land AreaAsk Agent
ParkingAsk Agent
Property ID2016339277
Category
Last updated  17 Nov 2022

Listed by

Darren Groves
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.

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