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

Stonebridge Property Group VIC
Stonebridge Property Group VIC
Level 19, 627 Chapel Street
South Yarra, VIC 3141

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

Nearest transport* to 95 Mitchell Street (Corner Of Myers Street) Bendigo VIC 3550

Bus
Train
Williamson St/Myers St (Bendigo)72 m
Mollison St/Williamson St (Bendigo)163 m
Bendigo Station/Railway Pl (Bendigo)174 m
McLaren St/Mitchell St (Bendigo)185 m
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
*Within a 4km radius
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Stonebridge Property Group VIC
Stonebridge Property Group VIC
Level 19, 627 Chapel Street
South Yarra, VIC 3141

Property Highlights

Date Sold15 Jun 2022
Floor Area560 m²
Land Area283 m²
ParkingAsk Agent
Property ID2017787614
Category
Last updated  22 Jun 2022

Co-Agents

Nic Hage
Nic Hage
Stonebridge Property Group VIC
Call
+61 448 782 594
Rorey James
Rorey James
Stonebridge Property Group VIC
Call
+61 439 400 081
Sarah Xi 席子棠
Sarah Xi 席子棠
Stonebridge Property Group VIC
Call
+61 468 320 297

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

95 Mitchell Street (corner Of Myers Street) Bendigo VIC 3550 is categorized as Shop & Retail Property. It has a floor area of 560 m² and a land area of 283 m². The listing ID for this property is 2017787614.

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