Entry Level Industrial Investment | Long Standing Tenant – 10 Years on Site
100 Harpin Street , East Bendigo VIC
Burgess Rawson are delighted to offer to the market the Bendigo Distribution Services Facility at 100 Harpin Street, East Bendigo VIC for sale via Investment Portfolio 165.
This investment has the following key highlights:
+ Brand new 5-year lease to 2028 plus options to 2033.
+ Bendigo Distribution Services: Trading for over 30 years, delivering newspaper and magazines to over 100 retailers and 5,000 homes daily throughout Bendigo, Castlemaine and Maldon.
+ Evolving company: In 2021, Bendigo Distribution Services introduced packaging supplies to their distribution network, including hospitality consumables, cleaning products and industrial supplies.
+ Well presented 815sqm* dispatch centre and warehousing facility, including office, showroom and storage facilities.
+ Significant 2,691sqm* landholding with huge 44.5m* frontage to Harpin Street.
+ Direct access to major arterial roads Strikland Road and Chapel Street, providing easy entrance to Bendigo CBD (2km*) and Bendigo Airport (1.5km*).
+ Landlord preferred net lease terms with the tenant paying all usual outgoings, including land tax.
+ Annual fixed 2.5% rental increases, assuring rental growth.
+ Recently completed developments totalling $242 million in the heart of the Bendigo CBD including $90 million Bendigo Gov-Hub with 1,000 employees and the brand new $152 million Law Court.**
+ Bendigo: Booming residential growth location with a 38% increase in median house prices since September 2020. ***
+ City of Greater Bendigo: Victoria’s largest inland city with population forecast to grow to over 155,000 by 2036 **** and currently generates $18.6 billion in annual economic output with an estimated 55,242 jobs in the area. *****
+ Potential 50% stamp duty savings.
+ Net Rent: $68,000 pa* + GST.
To be sold via Investment Portfolio Auction 165
10:30am (AEDT) Wednesday 6 December 2023
Crown Casino, River Rooms – Melbourne
For further information, please contact the exclusive selling agents below:
0411 860 865
0413 860 315
0413 830 808
** Development Victoria