Impressive CBD Freehold Investment – Near 100% Occupancy Since Major Refurbishment in 2002
46-48 Edward Street (corner Queen and King Streets), Bendigo VIC
Property Highlights
Description
+ High profile 1,023 sqm Commercial 1 Zone (C1Z) site with irreplaceable 91 metre triple street frontage.
+ Well maintained 967 sqm part two-level freehold office building, with strong occupancy history – 100% occupied since major refurbishment in 2002.
+ Within High Scale (20 metre height) DDO5 Development precinct.
+ Tenants pay all usual outgoings as per lease agreements.
+ Diverse income stream from 4 non-discretionary fields.
+ Prime office/retail precinct nearby State Trustees, Dept of Health, Target, Dan Murphys & Bendigo Marketplace (95+ retailers).
+ City of Greater Bendigo: Victoria’s largest inland city with a current population of 121,349 and forecast to grow to over 155,000 by 2036.
+ Programmed Skilled Workforce: Australia & New Zealand’s leading operations and maintenance service provider with 100+ branches.
+ ORM Pty Ltd: Business consulting firm to farmers and the agricultural industry for 25+ years.
+ IPSUM Advisors: Full-service accountancy and wealth advisory firm.
+ Peter Cahill: Respected solicitor with large loyal client base – on-site 17+ years.
+ Rent: $254,952 pa + GST (as at 1 January 2021).
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 9 December
Property Details