Burgess Rawson are delighted to present to the market 64 Percy Street, Portland VIC for sale via Investment Portfolio Auction 173.

The property has the following investment highlights:
+ Renewed 5 year lease to National Australia Bank to December 2029
+ No further option
+ National Australia Bank: Top 4 ASX listed financial institution with over 10 million customers and 38,000 employees** and market cap circa $118 billion
+ Annual CPI rent reviews
+ NAB pay all usual statutory outgoings including Land Tax
+ Prime central 776sqm* site (including common property) with 10.5 metre* retail frontage
+ Important Commercial 1 zone
+ Large modern versatile 450sqm* single level building
+ Includes covered car park on site (rear common property)
+ Central CBD location amongst Aldi, Woolworths, IGA, Amcal, Guardian Pharmacy, Westpac, CBA, Australia Post etc
+ Potential 50% stamp duty savings
+ Portland Port: One of Australia busiest regional ports and the largest sustainable hardwood chip export in the world.
+ Portland: major commercial centre with multiple economic drivers including shipping, commercial fishing, agriculture and tourism.
+ Net Income: $87,747pa* + GST

For Sale by Portfolio Auction Investment 173
10.30am (AEDT), Wednesday 11 December 2024
River Room, Crown Casino, Melbourne

* Approximate
**NAB