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Multi Tenanted Investment Opportunity - #1
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For Sale

Expressions of Interest closing 21st Jul 2022 Contact Agent
Colliers Bendigo are pleased to offer for your consideration the mix of properties that form 12-24 Mitchell Street, 1-9 Bath Lane & 338-348 Hargreaves Street Bendigo. Offered in 1 line this significant commercial holding comprises a mix of heritage buildings constructed of double brick and are mostly more than 100 years old. It is in fact the first time these properties have ever been offered for sale.

Boasting a total of 13 commercial tenancies the list of occupants includes some national brands as well as a wide range of local enterprises. A mix of these tenants have been in the premises for up to 10 or more years.

Some of the properties have outstanding heritage facades & features - too many to list. Chief amongst these buildings is the former ‘Plaza Cinema’, designed by architectural firm Cowper, Murphy & Appleford who were also responsible for building The Sun Theatre in Yarraville a few years later. The interior of ornate Spanish Renaissance design was spectacular, and elements of the old cinema auditorium can still be seen in the gymnasium on Bath Lane. The foyer is now home to Gazman clothing.

Future potential for capital value add abounds including opening up / making more accessible first floor areas, extending lease terms, and increasing net rents. Potential also exists for future subdivision of the buildings or perhaps some residential development STCA.
Your opportunity is here and now to secure this multi-income asset and reap the long-term benefits of the cashflow and value add opportunities it offers.

Highlights
•Land 1,935sqm*/ Building 2,739sqm*
•Total Net Rent $451,482.31 + GST per annum
•Located in the heart of Bendigo’s CBD
•Street Frontage to Mitchell Street, Hargreaves Street and Bath Lane
•Adjacent to Bendigo Bank
•Exceptional foot traffic
•Prime CBD Exposure
•Fully leased

For Sale by Expressions of Interest closing 21 July 2022 5pm.

For more information, please contact Collier’s agents Travis Hurst on 0423 388 932, Sarah Noble on 0413 882 084 and Matthew Jarrott on 0422 831 055.

Approximately*