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175-185 Marong Road
Bendigo VIC 3550
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Sold on 22 Jun 2022

175-185 Marong Road Bendigo VIC 3550

  • Shop & Retail
  • 1,129 m²
  • Sold

Dominant 4,004sqm Convenience Retail Investment Leased to United Petroleum

    +New 12-year lease to 2034 plus options to 2064.
    +United Petroleum: Top tier tenant, one of Australia's largest and fastest growing independent fuel retailers with over 465 sites nationally.**
    +Strong and certain rental growth with annual fixed, compounding 3% increases.
    +Landlord-favourable, set-and-forget net lease structure with tenant responsible for council rates, water rates, insurance and repairs and maintenance.
    +Strategic 4,004 sqm* corner site with 130 metres* of combined frontage to Marong Road and Specimen Hill Road, two main arterial roads servicing over 27,500 vehicles daily.***
    +Woolworths, Spotlight, Bridgestone Select, Bob Jane T-Marts, JAX Tyres, Repco, Reece Plumbing, Mitre 10, KFC, Hungry Jack's and Calder Highway connections all within 2.5km*.
    +Located opposite Bendigo Stadium, the largest indoor sports stadium outside metro Melbourne, home to 10 indoor multi-purpose courts and 12 outdoor netball courts - attracting over 15,000 people per week.****
    +Victoria's largest inland city, the City of Greater Bendigo generates $16.7 billion in annual economic output with an estimated 47,905 jobs in the area.*****
    +The value of building approvals in the Greater Bendigo region has grown 63% to $775 million since FY2020/2021.*****
    +By 2036, the City of Greater Bendigo's population is forecast to grow 23.52% to over 155,000.******
    +Potential 50% stamp duty savings.
    +Minimum management, essential service investment.
    +Rent: $350,000 pa*

    For Sale by Investment Portfolio Auction
    10:30am (AEDT) Wednesday 22 June 2022
    Crown Casino - River Room

    *Approximately
    ** United Petroleum
    *** Gapmaps
    **** Bendigo Stadium
    ***** Remplan
    ******Forecast.id

    AUCTION

    Auction date and time22/06/2022 10:30
    Auction locationCrown Casino - River Room - Melbourne

    Property Highlights

    Date Sold22 Jun 2022
    Floor Area1,129 m²
    Land Area4,004 m²
    ParkingAsk Agent
    Property ID2017828471
    Category
    Last updated  22 Jun 2022
    Map for 175-185 Marong Road Bendigo VIC 3550

    Property Highlights

    Date Sold22 Jun 2022
    Floor Area1,129 m²
    Land Area4,004 m²
    ParkingAsk Agent
    Property ID2017828471
    Category
    Last updated  22 Jun 2022
    Level 20, 150 Lonsdale Street Melbourne VIC 3000

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