151-153 Percy Street,
Portland, VIC 3305
Showrooms & Large Format Retail • Shops & Retail • Other
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CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
151-153 Percy Street
Portland, VIC 3305
Map of 151-153 Percy Street
Head-Office Leases To Long Standing Tenants, Repco & Dulux
- Attractive Net Leases
- Entry Level Opportunity
- Potential 50% Stamp Duty Saving
Burgess Rawson from CBRE is pleased to offer to market Repco and Dulux, Portland VIC for sale via Portfolio Auction 181.
This investment has the following key highlights:
+ Long standing tenure with Repco on-site since the 1980's and Dulux since circa 2015.
+ Recently renewed three (3) year lease to Repco through to 2029 plus further options.
+ Repco: wholly owned subsidiary of Genuine Parts Co (NYSE) 10,545 locations globally. (1)
+ Two (2) year lease to Dulux through to 2026 plus further options.
+ Dulux Group: Australia's largest paint company, wholly owned Tokyo SE listed Nippon Paints. (2)
+ Investor preferred net lease terms with both tenants responsible for all usual outgoings as per the leases.
+ Well-kept 447sqm* total retail showroom comprising two (2) tenancies with important rear loading area.
+ Building originally constructed and purpose-built for Repco in the 1980's.
+ High profile 1,959sqm* freehold landholding, over two titles.
+ Low 23%* site coverage, offering future value add/development upside (STCA).
+ Prime Percy Street location, Portland’s premier retail strip and thoroughfare.
+ Within 500m* of McDonald’s, KFC, Mitre 10, Reece Plumbing, Vinnies, Pets Domain, Tyrepower, Burson Autoparts and more.
+ Port of Portland is Victoria’s only natural deep-water port, supporting 45% of VIC’s dry bulk cargo. (3)
+ Portland: administrative hub of Glenelg Shire with annual GRP of $1.16B*, up a significant 5% since 2021. (4)
+ Potential 50% stamp duty saving.
+ Net Income: $43,513pa* + GST.
To be sold by Investment Portfolio Auction
10:30am (AEDT) Wednesday 10 December 2025
River Room - Crown Casino, Melbourne
*Approx
1. GPC Asia Pacific
2. Nippon Paints
3. Port of Portland
4 .id & Glenelg.vic.gov.au
This investment has the following key highlights:
+ Long standing tenure with Repco on-site since the 1980's and Dulux since circa 2015.
+ Recently renewed three (3) year lease to Repco through to 2029 plus further options.
+ Repco: wholly owned subsidiary of Genuine Parts Co (NYSE) 10,545 locations globally. (1)
+ Two (2) year lease to Dulux through to 2026 plus further options.
+ Dulux Group: Australia's largest paint company, wholly owned Tokyo SE listed Nippon Paints. (2)
+ Investor preferred net lease terms with both tenants responsible for all usual outgoings as per the leases.
+ Well-kept 447sqm* total retail showroom comprising two (2) tenancies with important rear loading area.
+ Building originally constructed and purpose-built for Repco in the 1980's.
+ High profile 1,959sqm* freehold landholding, over two titles.
+ Low 23%* site coverage, offering future value add/development upside (STCA).
+ Prime Percy Street location, Portland’s premier retail strip and thoroughfare.
+ Within 500m* of McDonald’s, KFC, Mitre 10, Reece Plumbing, Vinnies, Pets Domain, Tyrepower, Burson Autoparts and more.
+ Port of Portland is Victoria’s only natural deep-water port, supporting 45% of VIC’s dry bulk cargo. (3)
+ Portland: administrative hub of Glenelg Shire with annual GRP of $1.16B*, up a significant 5% since 2021. (4)
+ Potential 50% stamp duty saving.
+ Net Income: $43,513pa* + GST.
To be sold by Investment Portfolio Auction
10:30am (AEDT) Wednesday 10 December 2025
River Room - Crown Casino, Melbourne
*Approx
1. GPC Asia Pacific
2. Nippon Paints
3. Port of Portland
4 .id & Glenelg.vic.gov.au
Portland, 3305 demographic data
10,016
Population
$1,146 per week
Median household income
47 years
Median age
Owners
Most residents
Families
Most households
CBRE - VICLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
CBRE - NSWLevel 21, 363 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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