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22-26 Mitchell Street Cnr 333-335 Hargreaves Bendigo, VIC 3550

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22-26 Mitchell Street Cnr 333-335 Hargreaves,
Bendigo, VIC 3550

Shops & Retail

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Map of 22-26 Mitchell Street Cnr 333-335 Hargreaves

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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

Bendigo, 3550 demographic data

The median household income for Bendigo is $1,429, 3% higher than Regional Victoria's household income of $1,386. Bendigo has a similar age profile compared to the rest of Regional Victoria (median age 43). Property ownership data shows 41% of property owners in Bendigo have a mortgage.

5,652
Population
$1,429 per week
Median household income
43 years
Median age
Owners
Most residents
Families
Most households
03 5443 55...
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22-26 Mitchell Street Cnr 333-335 Hargreaves
Bendigo, VIC 3550

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