Set on a commanding 1,024 sqm corner site, Portland Apartments is a rare chance to secure one of Nedlands' most distinctive properties - a landmark 1940s building by renowned architect Harold Krantz, blending mid-century modernist style with art deco influences.
Freshly repainted, some recarpeting and with recent repairs, the property now offers five spacious apartments plus a remarkable 270 sqm concrete-floored attic, providing exceptional scope for redevelopment, renovation, or the creation of a showpiece penthouse (STCA).
Key Features
• Landholding: 1,024 sqm corner site, R-AC1 zoning
• Potential large Owners Apartment: to live in your investment
• Architecture: Character mid-century design with curved corner windows and vertical tower
• Configuration: 5 apartments ranging from 73 sqm to 186 sqm, all on one title
• Attic: 270 sqm of concrete-floored open-plan space with future development potential
• Income & Growth: Immediate rental income with long-term redevelopment upside
• $190,000 Gross income (subject to final leasing)
Apartment Breakdown
Apartment 1 - 73 sqm: 2 bed + study, sunroom/optional 2nd bedroom, fireplace, kitchen/dining
Apartment 2 - 90 sqm: 2 bed, large living, sitting/sunroom, original timber finishes / stunning
Apartment 3 - 76 sqm: 2 bed + study, living with fireplace, kitchen/dining
Apartment 4 - 186 sqm: 3 bed + study, multiple living areas, separate dining/activity, 2 toilets, laundry, full of character - a touch of "Hollywood"
Apartment 5 - 76 sqm: 2 bed + study, living with fireplace, large kitchen, Portland Street outlook. Upstairs separate entrance
Attic (Second Floor, 270 sqm): Expansive open-plan level, perfect for conversion into additional apartments or a grand penthouse (STCA).
Location Benefits
• Moments to UWA, Kings Park, QEII Medical Centre & Perth Children's Hospital
• Easy access to shops, cafes, and public transport
• 10 minutes to Perth CBD
Council Rates: $12,792.95 pa* Council rate relates to FY 2024/25
Water Rates: $5,375.42 pa
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Portland Apartments is a rare combination of scale, character, and potential - a true Nedlands icon ready for its next chapter. To secure an INSPECTION and updated IM please contact
Chris Shellabear 0418 910 065 and Tracy Lee 0411 166 001.
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