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2. Property Highlights

Prized CBD Freehold Investment | Attractive 4.3 Year WALE
  • Impressive 1,190*sqm building
  • Capital Intensive Tenant Funded Fit-Out
  • Favourable CPI & 4% Reviews

This opportunity has the following key investment highlights:

+Government anchored freehold investment with a commanding 4.3 year WALE.*

+Bendigo & District Aboriginal Co-operative (BDAC): BDAC is controlled by the government funded National Aboriginal Community Controlled Health Organisation (NACCHO).**

+O’Farrell Robertson McMahon Lawyers: Well established Bendigo based lawyers, on site for over 10 years.

+Desirable annual CPI reviews and 4% rent increases.

+Landlord favourable net lease terms with tenants responsible for all usual outgoings.

+Irreplaceable 781 sqm* Commercial 1 Zone (CIZ) site with 33 metres* of frontage to Queen Street.

+Immaculately presented 1,190 sqm*, two level office building including an internal lift with capital intensive tenant funded fit-out.

+Prime position amongst other A-grade office tenants including DHHS Facility, EPA Victoria, State Trustees and Bendigo & Adelaide Bank Headquarters.

+Coles, Dan Murphy’s, JB Hi-Fi, Officeworks, Target, Myer and Bendigo Market Shopping Centre all within 500m*.

+Recently completed developments totalling $242 million in the absolute heart of the Bendigo CBD including $90 million Bendigo Gov-Hub with 1,000 employees and the brand new $152 million Law Court.***

+Bendigo: Booming residential growth location with a 38% increase in median house prices since September 2020. ****

+City of Greater Bendigo: Victoria's largest inland city with population forecast to grow to over 155,000 by 2036 ***** and currently generates $18.6 billion in annual economic output with an estimated 55,242 jobs in the area. ******

+Potential stamp duty savings.

+Net Rent: $295,225* pa + GST.

For sale via Private Treaty

*Approx

** NACCHO

*** Development Victoria

**** realestate.com.au

***** Forecast.id

****** REMPLAN

Remember to mention you found this property on CommercialReady

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3. Property Location

35 Queen Street, Bendigo, VIC, 3550

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4. Due Diligence

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