CVA are pleased to offer this rare and outstanding investment for Private Sale.
Situated on a large land holding of 4,069m2* and combined with an impressive 80 metre* frontage to Napier Street, this substanital site is zoned Commercial 1, giving this investment huge potential upside.
This great investment is currently returning $152,032.13 pa net securely across 8 tenancies offering a very attractive return.
White Hills is located 4 kilometres* north west from Bendigo CBD; home to many profile companies including Bendigo Bank's headquarters, Bendigo Tafe and universities including, Monash University School of Rural Health and La Trobe University.
Key Investment Details:
Lot 1 - 503 Napier St
- White Hills Post Office: 5 year lease commencing 23/05/2015
- White Hills Launderette: 3 year lease commencing 23/05/2018
Combined net return: $46,878.12
Lot 2 - 505 Napier St
- White Hills Tax & Accounting: 1 year lease commencing 01/02/2019
Rental: $18,200.00 per annum
Lot 3 - 507 Napier St
-Bendigo Gourmet Fish Shop: 5 year lease commencing 01/05/2015
-AC Hair Talk: 3 year lease commencing 15/01/2017
-Richardson's Bakery: 5 year lease commencing 01/06/2017
Combined net return: $45,962.76 per annum
Lot 4 - 509 Napier St
-White Hills Butchery: 5 year lease commencing 01/01/2015
-Red Lantern BGO: 2 year lease commencing 06/03/2018
Combined net return: $39,129.92 per annum
Please contact CVA for further details.
For more details, please email agent