Colliers are pleased to present this high-profile retail investment opportunity. The property is situated within Bendigo's core retail precinct and thriving activity centre.
The offering comprises thirteen fully let tenancies on a sizeable, combined land allotment of 1,935sqm* with three street frontages. Diversified rental income comes by way of national tenants like Gazman and Sportspower, as well as a number of local occupiers offering a variety of retail services.
Key features include:
- High profile and foot traffic location
- Fully leased across 13 separate tenancies
- NET income of $503,264.80pa*
- WALE - 3.34 years diversified income stream
- Huge triple fronted site of 1,935sqm*
- Lettable building area of 2,595sqm*
- Zoned Commercial 1
12-24 Mitchell Street, 1-3 & 7-9 Bath Lane and 338-348 Hargreaves Street are in the centre of Bendigo's retail & office occupier precinct, and just minutes from the Bendigo & Adelaide Bank Headquarters, Bath Lane retail, Alexandra Fountain, Rosalind Park and across from the Hargreaves Mall. This retail precinct is home to national tenants including Myer, Bendigo & Adelaide Bank, Commonwealth Bank of Australia, JB Hi-Fi, Officeworks, Sportsgirl, Sussans, and Noodlebox.
The site sits just 100m* from local bus routes along Mitchell Street and in proximity to the central Bendigo Train station. Major arterial roads including High Street (Midland HWY), View Street and Mitchell Street further benefit the properties.
12-24 Mitchell Street, 1-3 & 7-9 Bath Lane and 338-348 Hargreaves Street, Bendigo are being offered For Sale by Expression of Interest, closing Friday 14 June 2024 at 4:00pm (AEST).
To arrange an inspection or for further information please get in touch with the exclusively appointed agents from Colliers Bendigo Travis Hurst on 0423 388 932 & Adele Foott on 0447 518 850 or Colliers Investment Services Matt Stagg on 0409 411 300 & Manager, Asia Markets Yvonne Zhou ??? on 0415 100 831.
*Approximately.
