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Target Bendigo 31-33 King Street Bendigo VIC 3550

  • Shop & Retail
  • 6,863 m²
  • Expressions of Interest

Freestanding Single Tenanted Investment-Target Bendigo

    **Strong trading investment
    **Rare net lease
    **Significant strategic site

    Ryder Commercial in conjunction with Savills National Retail Investments are delighted to exclusively bring to the market this freestanding Target in Bendigo.

    The subject property represents a compelling standalone retail investment offering a secure long term net Lease, occupying a prime CBD location in the heart of Bendigo's Activity Centre.

    Target Bendigo offers the following notable features:

    -Strong trading investment leased to Target
    Australia Pty Ltd, wholly owned subsidiary of
    Wesfarmers
    -Secure rental income underpinned by a 11 year
    renewed lease, plus 2 x 10 year options expiring 2048
    -Large store footprint with a GLA of 6,863sq m*
    -Rare net lease with Target Australia Pty Ltd
    responsible for 100% of the outgoings
    -Net Income of $1,000,000pa* equating to a low
    base rent of $146/sq m
    -Favourable 'Commercial 1' Zone allowing for
    multiple future redevelopment opportunities
    (STCA)
    -Extensive prime CBD site of 6,451sq m* with
    three (3) street frontages
    -Opposite a new multi-story (4 levels)
    development and on-grade Council car parking
    for over 510+ vehicles
    -Growing regional town, only 150km* northwest
    of Melbourne, with over 120,000 residents and
    the 3rd largest economy base in Victoria
    -Vast regional catchment population of over
    250,000 residents*

    *Approx

    For Sale by Expressions of Interest closing Wednesday 17 November 2021 at 12pm

    EXPRESSION OF INTEREST

    Closing date and time17/11/2021 12:00
    Recipient nameAsk Agent
    Delivery addressAsk Agent
    Mark Ryder
    Ryder Commercial
    Mark Ryder
    Ryder Commercial
    Rick Silberman
    Savills Melbourne
    Rick Silberman
    Savills Melbourne
    Steven Lerche
    Savills Sydney
    Steven Lerche
    Savills Sydney

    Property Highlights

    Property ID2017334266
    Floor Area6,863 m²
    Land Area6,451 m²
    ParkingOn site parking available
    Building TypeWhole building
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  18 Oct 2021
    Map for Target Bendigo 31-33 King Street Bendigo VIC 3550
    Mark Ryder
    Ryder Commercial
    Mark Ryder
    Ryder Commercial
    Rick Silberman
    Savills Melbourne
    Rick Silberman
    Savills Melbourne
    Steven Lerche
    Savills Sydney
    Steven Lerche
    Savills Sydney

    Property Highlights

    Property ID2017334266
    Floor Area6,863 m²
    Land Area6,451 m²
    ParkingOn site parking available
    Building TypeWhole building
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  18 Oct 2021
    Level 8, 350 Queen Street Melbourne VIC 3000
    Mark Ryder
    Mark Ryder
    Ryder Commercial
    Rick Silberman
    Rick Silberman
    Savills Melbourne
    Steven Lerche
    Steven Lerche
    Savills Sydney

    Mark Ryder

    Ryder Commercial

    Rick Silberman

    Savills Melbourne

    Steven Lerche

    Savills Sydney

    0412 *** ***
    0412 348 547

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