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175-185 Marong Road, BENDIGO, VIC, 3550

2. Property Highlights

Dominant 4,004sqm Convenience Retail Investment Leased to United Petroleum
  • New 12-year net lease to 2034
  • Annual 3% rent increases
  • 50% stamp duty savings

+New 12-year lease to 2034 plus options to 2064.

+United Petroleum: Top tier tenant, one of Australia’s largest and fastest growing independent fuel retailers with over 465 sites nationally.**

+Strong and certain rental growth with annual fixed, compounding 3% increases.

+Landlord-favourable, set-and-forget net lease structure with tenant responsible for council rates, water rates, insurance and repairs and maintenance.

+Strategic 4,004 sqm* corner site with 130 metres* of combined frontage to Marong Road and Specimen Hill Road, two main arterial roads servicing over 27,500 vehicles daily.***

+Woolworths, Spotlight, Bridgestone Select, Bob Jane T-Marts, JAX Tyres, Repco, Reece Plumbing, Mitre 10, KFC, Hungry Jack’s and Calder Highway connections all within 2.5km*.

+Located opposite Bendigo Stadium, the largest indoor sports stadium outside metro Melbourne, home to 10 indoor multi-purpose courts and 12 outdoor netball courts - attracting over 15,000 people per week.****

+Victoria’s largest inland city, the City of Greater Bendigo generates $16.7 billion in annual economic output with an estimated 47,905 jobs in the area.*****

+The value of building approvals in the Greater Bendigo region has grown 63% to $775 million since FY2020/2021.*****

+By 2036, the City of Greater Bendigo’s population is forecast to grow 23.52% to over 155,000.******

+Potential 50% stamp duty savings.

+Minimum management, essential service investment.

+Rent: $350,000 pa*

For Sale by Investment Portfolio Auction

10:30am (AEDT) Wednesday 22 June 2022

Crown Casino - River Room

*Approximately

** United Petroleum

*** Gapmaps

**** Bendigo Stadium

***** Remplan

******Forecast.id

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3. Property Location

175-185 Marong Road, BENDIGO, VIC, 3550

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4. Due Diligence

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