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Rare 25 Year Lease to 2039 | Iconic Bendigo CBD Freehold

402 Hargreaves Street (Edward Street and Bath Lane) , Bendigo VIC

Property Highlights

Rare 25-year lease to Feb-2039
Favourable annual CPI reviews
Potential 50% stamp duty savings
Register to Bid

Description

+ Rare 25-year lease to Brewhouse Café & Coffee Roasters to February 2039.

+ Desirable annual CPI reviews.
+ Brewhouse Café & Coffee Roasters: Well-known hospitality group with over 38 years of experience operating across 50 locations state-wide.
+ Landlord-favourable net lease terms with tenant responsible for all usual outgoings excluding Land Tax.
+ Imposing 498 sqm* Commercial 1 Zone (C1Z) site with 64.8m* triple street frontage.
+ 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 totalling $242 million in the absolute 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 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. ****
+ Potential 50% stamp duty savings. *****
+ Estimated net rent: $109,600 pa + GST.*

To be sold by Investment Portfolio Auction:
10:30am AEST
Wednesday 2 August 2023
Crown Casino, Melbourne

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

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Cafe
Land Size
498 SQM
Building Area
1 SQM

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