Colliers Bendigo and Stockdale & Leggo are pleased to offer Lot 1 302-320 Eaglehawk road, California Gully for sale by expressions of interest. This outstanding corner commercial property site fronts busy Eaglehawk road (Loddon Valley highway) and is adjacent a McDonald's outlet. There is a total current rent income of $424,140* from Fitzpatrick's Home Hardware, Highgrove Bathrooms and Autogate systems which utilise 2 parks for an ice dispensing machine.
Adjoining a mix of Commercial 1 and Industrial zoning, this property presents an outstanding future redevelopment opportunity for further large format retail or perhaps a neighbourhood shopping centre STCA.
The buildings underwent extensive refurbishment in 2010 and comprise of steel frame and brick construction. Home Hardware is well fitted with ceiling grid and loads of lighting suitable for big box retail while Highgrove Bathrooms is a modern showroom fit out with glass atrium entry. Easy vehicle access and great parking on site are one of the key benefits of the present improvements.
Benefit from the income on the site now whilst making future plans to repurpose or redevelop the entire site. The key highlights of this major opportunity are below:
- Extensive frontage to Eaglehawk Road of 93m*
- Currently occupied by Fitzpatrick's Home Hardware and Highgrove Bathrooms
- Renovated extensively circa 2010*
- There are 93 carparks on site.
- Future redevelopment potential
- 93 bitumen sealed carparks
- Warehouse area of 3,520sqm*
- Hardstand/yard area of 2,033sqm*
- Showroom area of 1,067sqm*
- Current NET income of $424,140pa*
- Zoned Industrial 1
For Sale by EOI.
For Further information, please contact Colliers International Bendigo agent Travis Hurst on 0423 388 932 or Stockdale & Leggo Eaglehawk agent Grant Hosking on 0431 155 972
*Approximately.
