Watch Watch
Back
×

2. Property Highlights

Blue Chip Government Tenancies in A Grade Regional Office Building

This outstanding freehold investment opportunity boasts an impressive double-story office building located on a premium and substantial corner site. A healthy and stable investment return is on offer with 100% occupancy via 3 government tenancies.

KEY FEATURES:

- Prominent CBD double story office building

- 3 separate government tenancies, all ranging in size

- 100% occupied - WALE 2 years*

- Tenants pay outgoings including proportional Land Tax

- Recent total and substantial refurbishment on 1st floor

- Dual street frontage and dual office access

- Excellent on-site secure car parking

+ Investor preferred net lease terms with the government tenants responsible for all usual outgoings including Land Tax, management fees and building insurance.

+ Income growth with fixed annual rent increases.

+ State-of-the-art 1,385sqm* double storey building, with Key Card/Pin code access

+ Major tenant and landlord funded upgrades, capital-intensive refurbishment and fit out to the Federal Government’s for level 1, corporate layout and design providing significant tax depreciation benefits. Common amenities refurbishment on Ground Floor completed in 2020.

+ Significant 1,333sqm* Commercial 1 Zone (C1Z) site with 35* metre frontage to Myers Street and 40* metre frontage to Mundy Street.

+ Prime CBD position neighbouring the recently opened Bendigo Gov Hub and Law courts.

+ 12 on-site secure car parks, with electronic key card and keypad access (from Feb 2024)

+ Bendigo: With a population of 126,348, Bendigo is the third-largest inland city in Australia and the third-most populous city in Victoria. Being close to the geographic centre of the state and with excellent road and rail infrastructure, Bendigo is home to a range of industries and large businesses.

+ Net Income: $377,489 pa* + GST. (As at Feb 2024)

*Approx

To be sold at auction through Signature Auction & EOI Series: 14th May 2024 (If not sold prior)

Remember to mention you found this property on CommercialReady

Read More

4. Property Location

41-43 Myers Street, Bendigo, VIC, 3550

Property Map
Show properties in the area

5. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into CommercialReady to allow access

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
Enquire
calculator-icon Yield Calculator
calcultor-icon Yield Calculator