40/66 Julia StreetPortland VIC 3305
Property Details for 40/66 Julia St, Portland
40/66 Julia St, Portland is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2010. The property has a land size of 5368m2. While the property is not currently for sale or for rent, it was last sold in February 2019.
Last Listing description (March 2019)
**INVESTORS ONLY**
Quest Portland is situated on the south-west coast of Victoria, 1 hr 15 min west of Warrnambool.
It homes the only only deep-water sea port between Adelaide and Melbourne, making it a major hub for sea transport of goods & produce. A large sheltered harbour provides calm waters for
The town boasts beautiful historic buildings with over 200 classified by the National Trust, many constructed out of bluestone.
Quest Portland is based in the hub of the commercial precinct with retail outlets and eateries at your doorstep, together with grassy foreshores & the town s marina and sands of Nuns Beach only a
short stroll.
Lease Details
Current Rent: $212 per week ($11,072 per annum)
Next Rent Increase: 1st July 2019
Current Return: 9.8% Gross / Net 5.9%
Rental Increases as follows:
1/07/2019 $12,170 per annum / 10.87% Gross
1/07/2020 $12,656 per annum / 11.30% Gross
1/07/2021 $13,163 per annum / 11.75% Gross
1/07/2022 $13,689 per annum / 12.22% Gross
1/07/2023 Market Review
Lease Terms: Lease to 30/06/2033 plus 3 x 5 Year options
Rent Increases: 4% yearly with market rent reviews every 5 years (next due 2023)
Approximate Owner Outgoings:
Council Rates: $1365 per annum
Water Rates: $1100 per annum
Body Corporate Administration fee: Paid by tenant
Body Corporate Sinking fund: $1985 per annum
Refurbishments Due:
**As is common with Quest Apartments this property is due for refurbishments in the next couple of months with the franchisee indicating that they will be requiring a re-paint, new carpets and new window furnishings**
Property History for 40/66 Julia St, Portland, VIC 3305
- 19 Feb 2019Sold for $112,000
- 11 Jan 2019Listed for Sale Not Disclosed
Recent sales nearby
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0About Portland 3305
The size of Portland is approximately 33.5 square kilometres. There are 28 parks, covering nearly 6.2% of the total area. The population of Portland in 2016 was 9712 people. By 2021 the population was 10016 showing a population growth of 3.1% in the area during that time. The predominant age group in Portland is 60-69 years. Households in Portland are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Portland work in a professional occupation.In 2021, 70.00% of the homes in Portland were owner-occupied compared with 65.20% in 2016.
Portland has 6,682 properties. Over the last 5 years, Houses in Portland have seen a 43.25% increase in median value, while Units have seen a 39.43% increase. As at 31 August 2026:
- The median value for Houses in Portland is $503,166 while the median value for Units is $319,632.
- Houses have a median rent of $480 while Units have a median rent of $400.
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