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45 Otway Street, Portland$449,000

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45 Otway Street

Portland, VIC 3305, Australia

$449,000

3 bed 1 bath 2 car531 m²

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About this property

This Otway Street property is an exceptional opportunity for the savvy property investor. Currently operating as a successful and reputable take away and convenience store with a long lease in place, the properties current layout includes an extensive shop display area, commercial kitchen, and preparation area as well as a residence and off street parking. The property is an excellent investment opportunity in a great location and has future development opportunity (STCA) being located 2 blocks from Portland's CBD area and corner block. For more details on this investment opportunity contact Portland Seaview Real Estate on 0355233822 or exclusive agent Allan on 0438660057.

Property Details

Property Type: house
Listing Type: For Sale
Bedrooms: 3
Bathrooms: 1
Parking: 2
Land Area: 531 m²
Listed: 3 months ago

Repayment calculator

$2,177/month

$1,088 /fortnight

Loan $359,200 at 6.10% over 30 years

Upfront costs

Deposit$89,800

Stamp duty$22,010

Conveyancing (est.)$2,000

Total upfront$113,810

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Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Portland

This 3-bedroom house in Portland, VIC 3305 sits within reach of public transport, local shops and nearby schools. It is listed 0% below the $450,000 median of 80 comparable houseswithin 5 km.

Schools near Portland

Portland Bay Schoolcombined · U · CoEd
All Saints Parish Schoolprimary · Prep-6 · CoEd
Bundarra Primary Schoolprimary · Prep-6 · CoEd
Portland Primary Schoolprimary · Prep-6 · CoEd
Portland South Primary Schoolprimary · Prep-6 · CoEd
St John's Lutheran Schoolprimary · Prep-6 · CoEd

What's nearby

Unnamed (bus) — 3.7 km away
Portland Strawberries — 5.4 km away

Portland at a glance

Full suburb profile

Population: 10,016
Median age: 47
Household income: $1,146/wk
Median rent: $250/wk
Median mortgage: $1,083/mo

Source: ABS Census.

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