Essential Service VIC Gov Office | New 5 Year Lease to 2027 | Bendigo CBD Location

+ 5 Year Lease to State of Victoria through to December 2027 plus option to 2032.
+ Desirable 2.5% annual increases or CPI increases capped at 3.5%, whichever is greater.
+ Landlord-favourable net lease terms with tenant responsible for all usual outgoings including Land Tax.
+ 501sqm building recent undergone a major tenant funded upgrade and Fit-Out to the tenants corporate layout and design.
+ Located in the heart of Bendigo CBD, opposite Government DHHS facility and the Bendigo & Adelaide Bank Headquarters.
+ Coles, Dan Murphy’s, JB Hi-Fi, Officeworks, Target, Myer and Bendigo Marketplace Shopping Centre all within 300 metres. *
+ Recently completed developments totaling $242 million in the absolute heart of the Bendigo CBD including $90 million Bendigo Gov-Hub with 1,000 employees and the brand new $160 million Law Court.
+ Bendigo: Booming residential growth location with a 37% increase in median house prices since June 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. ****

+ Estimated net rent: $150,000 pa + GST. * (Current)
+ Estimated net rent: $155,250 pa + GST. * (December 2023)

*Approximately
**realestate.com.au
***Forecast.id
**** REMPLAN
***** Development Victoria