357-359 Hargreaves Street
Bendigo


$1,795,000.00

Property Features


Property ID: 3235502

Building Size
500 m2
Land Size
582.00 m2

PRIME RETAIL POSITION


- Renewed 6 year lease to 2023 plus 2 x 5 year options to 2033.
- Skin, Ski & Surf: A Bendigo Institution established in 1979 with second major store in Ballarat.
- Prime Commercial 1 site of 582 sqm with extensive 14m retail frontage - abundant shop front and median strip car parking.
- Recently refurbished and upgraded building adjacent to JB Hi-Fi and surrounded by complementary retailers - fully occupied precinct.
- Tenant pays all usual outgoings as per the lease.
- Annual CPI rent reviews.
- Single tenant, minimum management investment.
- Bendigo: Victoria's largest inland city with population of 115,000 forecast to grow to 156,000 by 2036 (35%).
- Rent: $120,000 pa - renewed 6 year lease to Local Institution. Tenant in occupation 15 years

Agent in Conjunction: Burgess Rawson