Stonebridge Property Group is pleased to present for sale Bendigo Bank Church Street, Brighton (5/50 Church Street, Brighton)
The key highlights of the opportunity include:
- The AAA+ Church Street Brighton Investment is 100% tenanted by the longstanding (10+ years) ASX listed Bendigo & Adelaide Bank who boast a market cap of $6.24bn.
- Trading as Bendigo Bank the property acts as one of 500+ national branches that service more than 2.5 million customers.
- Bendigo Bank anchor the property on a 3 year net lease term providing annual income of $173,680* + GST
- With no further lease options, the property offers the opportunity to occupy or capitalise on anticipatedrental growth from February 2026
- A high exposure 160 sqm* retail space with the convenience of rear access and car parking.
- Church Street stands as one of Melbourne's best performing retail precincts, with significant demand resulting in low retail vacancy (currently 0%) and strong rental rates.
- Within the heart of Brighton, a blue-chip bayside suburb which rivals Toorak as Melbourne’s most affluent (median house price: $3,152,000^)
- Blue chip retail position only metres from renowned retailers such as Country Road, 2XU, Hype DC, Coles and Mecca Cosmetica
Bendigo Bank Church Street (5/50 Church Street, Brighton) is offered for sale via Public On-site Auction on Thursday 27th June 2024 at 1:15pm (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Nic Hage
0448 782 594
Rorey James
0439 400 081
Kevin Tong ???
0422 848 818
Chao Zhang ??
0411 625 068
*Approximately
Property Code: 973