32 Percy Street, Portland VIC 3305

Located in the heart of the Portland CBD, 32 Percy Street presents a rare and outstanding opportunity for savvy investors seeking a secure, high-performing asset with long-term growth potential.

Set on a generous 739m² allotment, this versatile property comprises three fully leased commercial tenancies on the ground floor, providing solid and consistent income. Above, the first floor features two well-appointed residential apartments, each offering 2 bedrooms, 1 bathroom, and breathtaking views over the bay.

The property is currently held on a single title but boasts approved plans for a 5-lot subdivision, offering significant development flexibility (STCA). This enhances the already strong value proposition, with scope for unit development or future resale of individual components.

With an average return of approximately 7%, this is a lucrative opportunity bolstered by its prime location-just steps from Portland's Central Business District, foreshore, and everyday amenities.

Adding further value, planning approval is in place for each unit and shop, enhancing future adaptability and resale options.

For more ifnormation on this property contact Assets Real Estate on 5522 3333!