SOLD

35-37 Mitchell Street, Bendigo, VIC 3550


Dual Income Bendigo CBD Investment

Two leases to national tenants to 2019
Prime 249sqm Commercial 1 Landholding with rear access to Bath Lane in the heart of Bendigo CBD adjoining Chemist Warehouse and metres to corner of Hargreaves Mall & Mitchell Street
Tenants pays usual outgoings as per leases
Bendigo: Victoria's largest inland city with population of 115,000 forecast to grow to 156,000 by 2036 (35% increase)
Combined rent: $55,069 pa (estimated October 2017 – assuming 2.5% CPI)


Tenancy 1 (Money3)

Leased to July 2019 plus options 2025
Recently refurbished tenancy including new flooring and air conditioning – approx. $70,000
Money3 Corporation: ASX Listed credit provider with 50+ branches nationwide

Tenancy 2 (Gamesworld)

Leased to May 2019
Tenant trading from site for over 10 years
Gamesworld: Australia’s largest range of jigsaws, die-cast and games with 17 stores across the country


This property is part of two Bendigo retail investments to be offered via On-Site Auctions at 2pm on Friday 11th August, 2017 – to be sold individually
The second is located at 352 Hargreaves Street, Bendigo

Property Info

Municipality
Bendigo

AUCTION

Friday, 11 Aug 2017
02:00 pm

NEARBY PROPERTIES

ENQUIRE ABOUT THIS COMMERCIAL PROPERTY