3 JULIA Street, Portland VIC 3305

A handsome 1850s Georgian bluestone building with enormous character in a prime location. The commercial section, in excellent condition with new hardwood flooring throughout, comes complete with long-term tenants and high profile exposure.
Two recently renovated, superbly designed apartments come fully furnished with excellent corporate and holiday rental history.
A huge roof space, ideal for further apartment development, with potential for some of the best bay and harbour views along the coast.
Included in the title is a vacant development site of more than 300m2 with feature bluestone walls to integrate and the ability to also achieve stunning ocean views (SCA).
Taking into account and averaging the consistent apartment income the property currently returns approx. 6.3% return.