31-33 King St, BENDIGO | Property for sale | Savills
6,451 sq m
Price on application

31-33 King StBENDIGO

  • Sold
Retail
6,451 sq m

Key features

  • Strong trading investment leased to Target Australia Pty Ltd, wholly owned subsidiary of Wesfarmers
  • Secure rental income underpinned by a 11 year lease, plus 2 x 10 year options expiring 2048
  • Large store footprint with a GLA of 6,863sq m*
  • Rare net lease with Target Australia Pty Ltd responsible for 100% of the outgoings
  • Net Income of $1,000,000pa* equating to a low base rent of $146/sq m
  • Favourable ‘Commercial 1’ Zone allowing for multiple future redevelopment opportunities (STCA)
  • Extensive prime CBD site of 6,451sq m* with three (3) street frontages
  • Opposite a new multi-story (4 levels) development and on-grade Council car parking for over 510+ vehicles
  • Growing regional town, only 150km* northwest of Melbourne, with over 120,000 residents and the 3rd largest economy base in Victoria
  • Vast regional trade catchment of over 250,000 residents*

Freestanding Single Tenanted Investment – Target Bendigo

About this property

  • The subject property represents a compelling standalone retail investment offering a secure long-term net lease, occupying a prime CBD location in the heart of Bendigo’s Activity Centre.

    *Approx.

    For Sale by Expressions of Interest closing Wednesday 17 November 2021 at 12pm (AEDT).

Local information

  • Bendigo, Victoria

Available space

LevelTenancySale TypePriceAreaSqmStatus
n aExpression of InterestContact Agents6451.00sq mSold