This magnificent property is being offered for sale for the first time in over 40 years. It is located in the heart of Bendigo's thriving CBD and features multiple tenancies and 2 street frontages. Bendigo's population is expected to grow significantly over the next few decades with an estimated population of approx. 135,000 by the mid 2030s, which should ensure the continued viability of this Goldfields city well into the future.
The property features 5 titles, one of which is vacant land of 437M2 with great potential for further development in future times. This site is currently being used as parking by tenants of the existing buildings.
The main portion of 4 titles has substantial frontage to both Hargreaves and Queen Streets and comprises a land component of 3,211M2 with a substantial building area of approx. 2,500M2 with 8 separate tenancies. Two of the tenants have been in their current locations since the mid 1980s, whilst most of the other tenancies have also been in residency for periods of between 6 and 12 years.
This is a once in a lifetime chance to purchase one of the most outstanding land holdings in the CBD of Bendigo, and it also offers massive potential for further major re-development with the possibility of adding additional levels for inner city residential use (stca). This offers a magnificent opportunity to purchase a low risk investment where there is not a reliance on a single tenancy, in a thriving regional city within easy driving distance of Melbourne and most of Victoria's main attractions.