1/23 Barkly Street

Portland VIC 3305

If you're in search of a do nothing investment with style, convenience, low-maintenance living and big depreciation benefits, then look no further than this newly renovated unit in a tidy block. Featuring 2 bedrooms, 1 bathroom, separate laundry and carport. Conveniently located near the South Portland shopping precinct and only 1km from the heart of Portland this unit will continue to lease with ease and generate you over 6.59% return on investment from day 1 (currently rented at $400pw or $20,800pa). No work from you needed - a fantastic tenant is already in place.

Long term, Portland should also bring you strong capital growth with the town recently opening Bunnings and Coles on their way. They will join the likes of Aldi, Woolworths and Kmart who already have cemented their place in the buoyant coastal town.

With a full renovation completed just 12 months ago the unit offers new modern kitchen with sleek black tapware, new electric appliances and dishwasher, new on-trend bathroom, separate toilet and built-in functional laundry with storage. The flooring has also been replaced with hard wearing oak floating floors, new carpets, fresh paint throughout plus new Reverse cycle split system, light switches and downlights.Outside, it offers a generously sized courtyard, plus a carport space.