Savills National Retail Investments in conjunction with Ryder Commercial are delighted to exclusively bring to market the freestanding Target in Bendigo.

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.

Target Bendigo offers the following notable 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*

*Approx.

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