227 Hurd Street

Portland VIC 3305

Positioned in one of Portland's most desirable coastal pockets, Portland Bay Apartments at 227 Hurd Street presents a rare and exciting investment opportunity with strong returns and exceptional future potential. Sprawling across an expansive 1195m2 allotment and comprising a six-unit complex all on one title, this well-maintained property offers a diverse mix of accommodation including two-bedroom, one-bathroom units, a two-bedroom, two-bathroom unit, and a one-bedroom unit, catering to a wide range of tenants and maximizing rental appeal. Each unit is fully furnished, with strong leases already in place, making this a true walk-in, set-and-forget investment. The complex has been well loved, thoughtfully updated, and carefully maintained over the years, ensuring long-term durability and continued tenant satisfaction. Adding further appeal, the upper unit enjoys impressive ocean views, while the ground units offer ocean glimpses, enhancing the desirability and rental performance of the property. Located just a stone's throw from Portland's stunning ocean cliff-tops, residents can enjoy spectacular sunrises, whale watching, and coastal walks, with a scenic 2.8km cliff-top walk leading directly to Portland's CBD and main beach. This outstanding coastal lifestyle location continues to attract strong tenant demand year-round. Offering a solid 6.6% return on investment, the property already delivers excellent income, while also presenting future development potential (STCA). Whether you choose to continue operating as a furnished apartment complex, explore short-stay accommodation options, or further develop and expand, the possibilities are extensive. Contact Assets Real Estate today to book your inspection.