Auction:
11.00AM Wednesday 5TH August
River Room, Crown Casino, Melbourne
This magnificent brand new building offers the astute buyer the opportunity to purchase an absolute blue chip property with the State Government as the tenant. Bendigo is a thriving city with a population over 100,000 and is Victoria’s second largest regional centre with a robust economy and fantastic future growth prospects.
There is a 10 year lease in place which commenced on 22/5/2015 with a further 2 five year options. The building itself is state of the art and comprises a floor space of 1,252M2 over 2 levels with frontage to the rapidly expanding Bridge Street commercial precinct and also very close to the new $630 million hospital development.
It also features rear access via Uley Street and has 30 onsite carparks.
The commencing rent is $320,000-00 with the second year increasing to $359,525-68PA plus GST and outgoings. There are fixed 3.5% increases thereafter, showing a fantastic rental return to the purchaser.
Agents in conjunction: Burgess Rawson
Jamie Perlinger:
0413 860 315