1 & 2/56 Percy Street, Portland, Vic 3305

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1 & 2/56 Percy Street, Portland, Vic 3305-Image

1 & 2/56 Percy Street, Portland, Vic 3305

Expressions of Interest

Other

Type

Bedrooms

Bathrooms

Published on Tuesday, June 23, 2026 ( See property details for 1 & 2/56 Percy Street, Portland, Vic 3305)

Expressions of Interest

View the agent price guide.

Allan Barrett - Real Estate Agent - Portland Seaview Real Estate

Allan Barrett Director Licensed Estate Agent

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare and versatile commercial and residential investment opportunity in the heart of Portland's vibrant CBD, offering multiple income streams and development potential.

🏡 Property Highlights

Prime CBD location with dual street frontage on Percy and Richmond Streets
Four commercial tenancies offering diverse income streams
Two residential apartments upstairs providing additional rental income or development potential
Iconic arcade format, a well-established Portland landmark
Strong foot traffic and vibrant community presence in the heart of Portland
Versatile configuration suitable for various uses and tenancy mixes

✨ Key Features

Commercial spaces
Residential apartments
Dual street frontage
CBD location
Income-generating potential
Versatile tenancy options
Iconic arcade format
Strong community presence
Development potential
High foot traffic area

Suburb and Property Insights of Portland, VIC 3305

Portland is a dynamic regional centre renowned for its thriving port, growing tourism industry, and close-knit community. The suburb offers strong foot traffic, a vibrant local economy, and a rich history, making it an ideal location for investment. Its central position in Victoria’s coast provides excellent accessibility and lifestyle benefits. Portland’s commercial precincts are bustling with activity, supporting a diverse range of businesses and services. The area combines historic charm with modern growth, attracting both residents and visitors alike.

Frequently Asked Questions

What are the current lease terms and rental income for the commercial tenancies?

The current lease terms and rental income details are available upon request; some spaces are leased, with one currently vacant, offering potential for new tenants or owner occupation.

Are there any planning or development restrictions on the property?

Potential buyers should review local planning regulations and zoning restrictions with the Portland City Council to understand development opportunities and limitations.

What is the condition of the residential apartments upstairs?

The residential apartments are well-maintained, with potential for live-in use, leasing, or future development, subject to council approvals.

Are there any upcoming infrastructure or community developments in the area?

Interested buyers should inquire with local authorities or the agent for information on planned infrastructure projects or community initiatives that may impact the property.

What are the associated costs, such as council rates, strata fees (if applicable), and maintenance?

Detailed information on council rates, any strata or body corporate fees, and ongoing maintenance costs can be provided upon request.

What to ask about this property to agent?

Are there any hidden costs or upcoming expenses related to the property, such as repairs or maintenance issues? Has the property been subject to any recent renovations or modifications that require council approval? Are there any easements, covenants, or zoning restrictions that could affect future use or development? Is the property located in a flood or bushfire-prone area, and what risk mitigation measures are in place? Are there any planned nearby developments or construction activities that could impact the property's value or accessibility? What are the terms of the existing leases, and are there any upcoming lease expirations or rent reviews? Is there any history of disputes or issues with tenants or neighbours? Are there any strata or body corporate considerations if applicable, including fees and regulations? What are the long-term growth prospects for Portland’s CBD and surrounding areas? Are there any environmental or heritage considerations that could influence future use or modifications?

1 & 2/56 Percy Street, Portland, Vic 3305 - More Details

Expressions of Interest

Type: Other
Bedrooms: 4
Bathrooms: 2

Price guide

View Statement Of Information

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1 & 2/56 Percy Street, Portland, Vic 3305 - Point Of Interest

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