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For Sale

Expressions of Interest closing 21st Jul 2022 365-379 Hargreaves Street, Bendigo
Colliers Bendigo are excited to offer 365-379 Hargreaves Street, 58-62 Queen Street and 68 Queen Street, Bendigo for sale. This property would be an outstanding addition to any investment property portfolio with strong tenant covenants, long term leases and potential for future growth in net rent and capital value.

The properties in general comprise a mix of predominantly single story buildings constructed of brick with one double story building. Running through the middle of the property on freehold title is ‘Valentines Lane’ which is a popular local thoroughfare between Hargreaves and Queen Streets. The lane also provide access to a few of the tenants and has scope for further development on ground level or above STCA.

The property is multi-tenanted boasting 8 separate occupants. Along Hargreaves Street there are 4 tenancies. These are UFS Pharmacy, AEC, New Generation Clothing and F45 gymnasium. Along Queen Street there is Bendigo Real Estate and Hearing Australia. There is a private carpark which is located between Bendigo Real Estate and Hearing Australia. Pilates plus is located behind the private carpark which is accessible via Queen Street.
There is also future development potential with a significant amount of vacant land currently used for car parking giving the opportunity to extend net lettable space subject to council approval. This is your opportunity to secure a large prominent CBD parcel on six titles, fully leased with tenants including Government and ASX companies. Neighbouring icons include Bendigo Bank headquarters, Target, JB Hifi, Hargreaves Mall and many more.


Highlights
- Land 3,646sqm*/ Building 2,561sqm*
- Long term leases with WALE of 3.42
- Rent of $572,319 pa
- Located in the heart of Bendigo’s CBD
- Street Frontage to Hargreaves Street and Queen Street
- Private car park on site
- Exceptional foot traffic
- Prime CBD Exposure

For more information, please contact Colliers agent Travis Hurst on 0423 388 932, Sarah Noble on 0413 882 084 or Matthew Jarrott on 0422 831 055.

Approximately*