FOR SALE Price: Land Area: 4334m² approx. Total Building Area: 100m² New 10 Year Lease - High Yield Anticipated New 10 year lease plus options to 2038. Refurbished and extended building includes 45 self contained apartments and executive suites. Recently sub-divided, the building lends itself to the astute investor the opportunity to sell the apartments individually. Superior inner city location within a short walk to the main shopping strip. Large commercial 1 & residential 1 zoned site. Tourist and business location, Portland is a major deep-sea port including Alcoa Aluminium smelter and a large fishing industry with a population of circa 12,000. Rent: $566,800 pa (as at July 2014). Under Instructions from Brooke Bird as Agents for the Mortgagee in Possession.