Park Corner, 4-10 Howard Place, Bendigo, VIC 3550

Offices | Retail | Hotel/Leisure

For Sale

  • Property ID: 418379
  • Floor Area: 700m²
  • Land Area: 544m²
  • Occupancy: Tenanted
  • NBN Availability: Service Available - Fibre to the node (FTTN)
IT TOOK A CENTURY FOR THE CHANCE TO GET BENDIGOS BEST

POINT OF INTEREST:

Bendigo’s real estate is generational and tightly held, which makes this flagship property on Howard Place one of the rarest listings on the market this year. This iconic two-level freehold buildings sit on the prominent corner overlooking the Conservatory Gardens and the magnificent 60 acre Rosalind Park. The ground floor is leased to FOS Kitchen & Bar, the popular restaurant and bar, with the first floor previously occupied for 17 years as Bendigo's best nightclub — and now completely vacant for its next opportunity. Looking at it in numbers, the building is 700 sqm* and the land totals 544.81 sqm*, with 165 sqm* of it allocated to the rear of the property. Plenty of opportunity for development and re-positioning upgrades, the first floor is completely fit-out for functions and events with a cast-iron balcony, heritage façade, and superb natural light. It lends itself easily to a range of potential commercial and residential ventures, such as studio apartments, a retail showroom, a fitness studio, commercial office or a gallery. The City of Greater Bendigo closed Howard Place to traffic 25 years ago to allow pedestrian access and hospitality to flourish, but there’s also ample street parking around the wide streets. Foot traffic has always been high here, being surrounded by major tourist attractions including the Bendigo Art Gallery, the Golden Dragon Museum, Historic Talking Tram tours, and the new Vintage and Classic Motor Bike Museum. You’re practically located on Midland Highway, the main arterial taking you into Melbourne’s centre in under two hours. And as for public transport, the bus routes are within arm’s reach and can take you straight to Bendigo railway station, getting you directly into Melbourne on one line.

- 544.81 sqm* total land area.
- 700 sqm* building area.
- 165 sqm* rear land area.
- Ground floor leased for $65,000.00 per annum.
- Commercial 1 zone.
- Potential for 8 car spaces on site.
- Midland Highway position.
- 890 m* from Bendigo Marketplace.
- 850 m* from Bendigo railway station.


POINT OF VIEW:
Only bound by your ambition, we’re imagining repurposing these buildings into one of Bendigo's most talked about venues.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: 30 - 120 days
  • Lease Term: Three (3) years
  • Rent Review: CPI
  • Car Spaces: Onsite
  • Condition: Very good
  • Air Conditioning: Yes
  • Floors: Carpet, wood & tile
  • Lifts: N/A
  • Age: 100 years plus
  • Car Parking Fees: Nil
Outgoings
  • Water Rates: $3,087.80
  • Land Tax: $835.00
  • Council Rates: $10,937.05
  • Owners Corp. / Insurance: TBC
Bendigo Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $4286 $434 10.14%
Offices $4286 --- ---
This is the average advertised price, rent and yield for Bendigo, VIC 3550*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Offices in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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