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Sold on 15 Jun 2022

95 Mitchell Street (Corner Of Myers Street) Bendigo VIC 3550

  • Shop & Retail
  • 560 m²
  • Sold

Bendigo CBD Corner With 30+ Years of Tenant Retention

  • Anchor lease to 2028
  • Prime CBD corner
  • Major rental upside

Stonebridge Property Group is pleased to present for sale 95 Mitchell Street, Bendigo.

- Striking corner freehold with 34 m* of CBD street exposure + valuable outdoor dining

- The prominent retail position has seen 30+ years of uninterrupted retail occupancy (zero days vacant)

- Secured by a NET 6-year lease through to 2028, a passing income of $71,000* with fixed 4% annual rental increases

- Comprising two titles (ground floor & level one) allowing future flexibility

- Major rental upside through reconfiguration of level one (STCA)

- Located in the heart of the Bendigo CBD, bookended by Coles (120 m*), Target (130 m*), & Dan Murphy's (150 m*), Bendigo train station (285 m*) & Woolworths (300 m*)

- Set to host a number of major events at the 2026 Commonwealth Games ($2.6 billion forecasted funding to regional Victoria)

- Bookended between ~$300,000,000 of public and private development including the Bendigo Law Courts ($152m*), Bendigo Tafe (120 m*) and the Bendigo Gov Hub which is set to house ~1,000 new government employees and be a major driver of activity to the immediate area

- Bendigo is Victoria's 3rd largest city and has a population growth rate of 1.54% per annum, which is 51% higher than Victoria's average. Bendigo has seen a substantial 29% rise in median house price from 2018, with majority of the increase occurring throughout 2021 in line with the increased demand for regional real estate^

*Approximate
^Source: REIV

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group:

Nic Hage
0448 782 594

Rorey James
0439 400 081

Sarah Xi
0468 320 297

Property Code: 406

Property Highlights

Date Sold15 Jun 2022
Floor Area560 m²
Land Area283 m²
ParkingAsk Agent
Property ID2017787614
Category
Last updated  22 Jun 2022
Map for 95 Mitchell Street (Corner Of Myers Street) Bendigo VIC 3550

Property Highlights

Date Sold15 Jun 2022
Floor Area560 m²
Land Area283 m²
ParkingAsk Agent
Property ID2017787614
Category
Last updated  22 Jun 2022
Ground Floor, 95 Coventry Street Southbank VIC 3006
Nic Hage
Nic Hage
Stonebridge Property Group VIC
Rorey James
Rorey James
Stonebridge Property Group VIC
Sarah Xi
Sarah Xi
Stonebridge Property Group VIC

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