Retail

The Phone Code for this property is: 19703. Please quote this number when phoning or texting.

We are pleased to present for sale 267-275 Lyttleton Terrace & 49-55 Williamson Street, Bendigo offered together or separately.

- Major CBD Bendigo corner with longstanding tenants, well suited to investors together with developers/occupiers looking to capitalise on strategic development clauses
- Currently providing a net annual income of $423,000* (before land tax) or 6-7% YIELD through 7 separate tenancies, including national retailers Endota Spa, Aplifon, APM & The Complete Garden
- 70m* combined corner frontage to Lyttleton Terrace & Williamson Street, two of the Bendigo CBD's main arterial roads, providing excellent retail exposure with high levels of passing foot & vehicle traffic
- An expansive underlying landholding of 2,150sqm* spread across two separate titles provides valuable flexibility for groups looking to add value
- Strategic development clauses allow developers/owner occupiers the opportunity to access the property prior to the expiry of select leases. These clauses are further complemented by favourable zoning allowing development up to 20 metres* (STCA)
- Bookended between Coles Supermarket (75m*), the popular Hargraves Mall (125m*) & the highly anticipated Bendigo GovHub development (100m*). - The $90m construction of the new Bendigo GovHub building is set to centralise a range of government services and will accommodate ~1000 government employees creating a one stop shop for customers. The direct proximity of this project is anticipated to be a major driver of activity and foot traffic
- With a total population of ~122,000 Bendigo ranks as Australia's 4th largest inland city and the 4th most populated city in Victoria. - Bendigo has seen a substantial 29% rise in median house price from 2018, with majority of the increase occurring throughout 2020 in line with the increased demand for regio...