Positioned in a sought-after industrial precinct of California Gully adjacent to a variety of different businesses - many of them home improvement based; it is only five minutes drive to Bendigo's CBD and in positioned in an established geographical area.
The property is let to long-term tenants with an optional 5 x 5 x 5 year lease which commenced in 2018 at $60,000pa with CPI reviews annually. Current return increases with with CPI.
The site:
- Industrial 1 zoning
- 5,416m2
- Total building area approximately 739m2
- Future development scope (after lease options)
- Corner profile
- 60m frontage to Nelson St and 65m frontage to Wood Street
Improvements include:
- 18 x 12m high clearance carport (adjacent to main office entry)
- 18m x 12m office / showroom / storage
- 9m x 15m side office
- 8 x 18m storage / workshop separate from main shedding
- Secure angle-barbed external fencing approximately 2m high
Other businesses in the vicinity include Fitzpatricks Home Hardware, Skinners Plaster, Highgrove Bathrooms, Hartley's Hunting and Fishing, Eaglehawk Tyre Service, Hickmans Tree Maintenance, H & V Pearce Engine Re-conditioners, Jamie Hackett Motors, McDonalds and various other businesses.
This is the first time the property has been offered for sale in thirty years, the current tenants are stable and the business has been running at the site for thirty years. Reliability, future scope and an immediate return.
Please contact Brad Hinton for further details or to inspect.
