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35-37 Mitchell Street, BENDIGO VIC, 3550

Sold
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Property Sold in 35-37 Mitchell Street, BENDIGO VIC, 3550

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11251682
Status:
Sold
Last Updated:
25/05/2020
Price:
Price on Request
Icon building

Property Type

Retail/Land/Development
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Land Area

249 SQM
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Floor Area

249 SQM
Icon parking

Parking

N/A

Dual Income Bendigo CBD Investment

Two leases to national tenants to 2019
Prime 249sqm Commercial 1 Landholding with rear access to Bath Lane in the heart of Bendigo CBD adjoining Chemist Warehouse and metres to corner of Hargreaves Mall & Mitchell Street
Tenants pays usual outgoings as per leases
Bendigo: Victoria's largest inland city with population of 115,000 forecast to grow to 156,000 by 2036 (35% increase)
Combined rent: $55,069 pa (estimated October 2017 – assuming 2.5% CPI)

Tenancy 1 (Money3)

Leased to July 2019 plus options 2025
Recently refurbished tenancy including new flooring and air conditioning – approx. $70,000
Money3 Corporation: ASX Listed credit provider with 50+ branches nationwide

Tenancy 2 (Gamesworld)

Leased to May 2019
Tenant trading from site for over 10 years
Gamesworld: Australia’s largest range of jigsaws, die-cast and games with 17 stores across the country


This property is part of two Bendigo retail investments to be offered via On-Site Auctions at 2pm on Friday 11th August, 2017 – to be sold individually
The second is located at 352 Hargreaves Street, Bendigo

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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