Renewed 5 Year Lease to Bendigo Medical | Established 1940
63-65 Bridge Street , Bendigo VIC
Property Highlights
Description
+ Renewed Five (5) year lease to April 2026 plus options to 2046.
+ Bendigo Medical: established medical business in operation since 1940.
+ Desirable annual CPI rent reviews.
+ Investor preferred net lease terms with tenant paying all usual outgoings as per lease.
+ As new 715sqm* clinic including on-site UFS Pharmacy and Melbourne Pathology.
+ High profile 1,647sqm* site with important dual street frontage and 21 car spaces on-title.
+ Strategically positioned in key health precinct nearby Bendigo Hospital, brand new Ambulance HQ and CASA VIC Police building.
+ Significant tax saving depreciation benefits, with 41% of first years rent potentially tax free.
+ Bendigo: Victoria’s largest inland city, population forecast to exceed 155,000** by 2036.
+ Potential 50% stamp duty savings
+ Net Income: $268,832 pa + GST.
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 14 September 2022
Crown Casino – River Room – Melbourne
*Approx
**Forecast id
Property Details