This is a well-built and clear span property with amazing exposure on the corner of Cook and Fearnley Streets.
With a net lettable area of 521m2 divided into two tenancies. Tenancy 1 is vacant and covers an area of 369 M2. The current owner will lease this at $55,050 PA +GST+ Outgoings. Tenancy two area of 152 M2 is leased on a new 5x5 lease. There is plenty of room to operate and get an income at the same time allowing room for expansion. There is also access from Fernley Street. As the property stands there are 5 allocated car parks and access from the rear via electric roller door. Talk to us about how you would like this fitted to suit your requirements. There is also ability to add a mezzanine level for offices etc.
The size of Portsmith is approximately 15.6 square kilometres. There are 2 parks within the area. The population of Portsmith in 2016 was 260 people. By 2021 the population was 314 showing a population growth of 20.8% in the area during that time. The predominant age group in Portsmith is 20-29 years. Households in Portsmith are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Portsmith work in a clerical occupation.In 2021, 50.00% of the homes in Portsmith were owner-occupied compared with 60.00% in 2016.
Portsmith has 563 properties. Over the last 5 years, Houses in Portsmith have seen a 43.99% increase in median value, while Units have seen a 86.40% increase. As at 31 July 2026:
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