Strategic Bendigo Fuel Investment

123-125 Condon Street, Bendigo VIC

Property Highlights

80% Income From Woolworths/EG Group

Recent Tank Replacement & Store Refurb

Significant 5,068sqm Site

Description

10 year lease to Woolworths/ EG Group to 2026 plus options.
4 year lease plus options to Fusion Physiotherapy.
Brand new fibreglass tanks and store refurbishment completed in 2015.
EG Group: Recent acquisition of WOW fuel business for $1.725B – circa 4,700 retail and fast food sites across Europe and North America.
Highly strategic Commercial 1 land parcel of 5,068sqm with 40m frontage to Condon St, access to Edwards Rd and amongst two major shopping centres servicing the growing eastern Bendigo population.
Greater Bendigo: Vic’s third largest urban centre, a growing population of 116,000+, forecast to increase to 155,000 by 2036.
Net Income: $249,332 pa + GST (Jan 2020)

Auction 11am Wednesday 18 September 2019
River Room, Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Service Station
Land Size
5,068 SQM
Gross Building Area
1,270 SQM

Contact Agents

Jamie Perlinger

0413 860 315

Scott Meighan

0413 830 709

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