Size: 380m²

22-26 Mitchell Street Cnr 333-335 Hargreaves Bendigo

Property Overview

Property ID: 1P12278
Property Type: Retail
Land Size: 287m² approx.
Building Size: 380m²
Zoning: Commercial 1
Construction: Brick

Auction -

Fri, 2nd Nov 2018, 2:00 PM

Venue: On Site [ Save Date/Time | Get Directions ]

Features:
  • Air Conditioning
  • Close to Transport
  • Close to Shops
  • Toilet Facilities

Agents

HIGH PROFILE INVESTMENT OPPORTUNITY

The property is located on the high profile and prominent corner immediately adjacent to the Hargreaves Pedestrian Mall. The two storey building is constructed of brick in the federation style, featuring a large clock inset into the corner façade with a reproduction steel veranda. The property is fully leased to 3 separate tenants with the Telstra Shop occupying the prominent corner position, the middle tenancy – Property Conveyance Company occupies small ground floor shopfront & the first floor accessed via an internal staircase, the third tenant is a boutique Jewellery business who have occupied the site for many years. There is an external building and yard space accessed via a driveway from Hargreaves Street. Hargreaves Street provides ample timed on street parking (2 hour limit) with side and centre road parking for public use. Future upside may include conversion of first floor into a spacious apartment and retaining the ground floor shop for commercial use.

CURRENTLY LEASED - 3 Tenancies in total

- 10 year lease from 6/5/2016 to Telstra Shop
- 10 year lease from 1/10/2015 to Gold Rush Jewellers
- 2 year lease with 2 x 2 year option from 1/10/2018 to Adroit Conveyancing

Total Income $72,086 p.a

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