UPDATE, 2.30pm: The owner of a BMX bike found near the Portland Angling Club on Monday has now been located.
The owner and police are delighted.
Earlier: A member of the public found a BMX bike near the Portland Angling Club on Monday morning.
A Portland police spokeswoman said the owner of the bike could collect it at the Portland police station by showing proof of ownership.
Anyone who wants more information or to collect the bike can contact the Portland police station on 5522 1500.
Any member of the public wanting to report stolen good can contact Crime Stoppers on 1800 333 000.
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