Ultra Prime Fully Leased Bendigo CBD Investment

  • $1,000,000/Contact Agent

Property Description

Stonebridge Property Group & First National Commercial are pleased to present for sale 267-275 Lyttleton Terrace & 49-55 Williamson Street, Bendigo offered together or separately.

– Major CBD Bendigo corner with longstanding tenants, well suited to investors together with developers/occupiers looking to capitalise on strategic development clauses

– Currently providing a net annual income of $356,474* (before land tax) through 7 separate tenancies, including national retailers Endota Spa, Aplifon, APM & The Complete Garden

– 70m* combined corner frontage to Lyttleton Terrace & Williamson Street, two of the Bendigo CBD’s main arterial roads, providing excellent retail exposure with high levels of passing foot & vehicle traffic

– An expansive underlying landholding of 2,150sqm* spread across two separate titles provides valuable flexibility for groups looking to add value

– Strategic development clauses allow developers/owner occupiers the opportunity to access the property prior to the expiry of select leases. These clauses are further complemented by favourable zoning allowing development up to 20 metres* (STCA)

– Bookended between Coles Supermarket (75m*), the popular Hargraves Mall (125m*) & the highly anticipated Bendigo GovHub development (100m*). – The $90m construction of the new Bendigo GovHub building is set to centralise a range of government services and will accommodate ~1000 government employees – creating a one stop shop for customers. The direct proximity of this project is anticipated to be a major driver of activity and foot traffic

– With a total population of ~122,000 Bendigo ranks as Australia’s 4th largest inland city and the 4th most populated city in Victoria. – Bendigo has seen a substantial 29% rise in median house price from 2018, with majority of the increase occurring throughout 2020 in line with the increased demand for regional real estate – *RealEstate.com.au

– Spread across two (2) separate titles the property can be purchased in two (2) separate parts or together

*Approx.

267-275 Lyttleton Terrace & 49-55 Williamson Street, Bendigo are For Sale. To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

Stonebridge Property Group:

Rorey James

0439 400 081

Nic Hage

0448 782 594

Kevin Tong

0422 848 818

First National Commercial:

Tom Harrop

0409 014 657

Our Ref: Strip Retail

Property Code: 237

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