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McKean McGregor Real Estate - Bendigo

225 Barnard Street Bendigo, VIC 3550

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225 Barnard Street,
Bendigo, VIC 3550

Shop & Retail • Showrooms & Large Format Retail

Price information

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$1,225,500

Key property information

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Floor area

Car spaces

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Map of 225 Barnard Street

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Landmark Building with Investment Return

The historic and well presented freehold property is set on the corner of Forest and Barnard Street’s, a highly visible location close to Bendigo’s CBD. With neighboring historic homes, walking distance to the arts precinct and with excellent commercial exposure this property provides a unique investment opportunity.



The prominent site has Commercial 1 Zoning, an established ground floor commercial tenancy as well as two first floor apartments. This rare opportunity provides the astute investor with a good passive income and number of options for the future.


Unit 1) Commercial - 144m2 Net lettable area I 1 Car

Unit 2) Apartment - 2 Bedrooms I 1 Bathroom I 1 Car

Unit 3)
Apartment - 2 Bedrooms I 1 Bathroom I 1 Car


Background:
- Iconic and well presented freehold property built circa 1859
- Building restored to a very good condition with heritage support in early 2000’s
- Commercial 1 Zoning surrounded by a mix of residential and commercial properties

- Close to Bendigo CBD, arts precinct and Bendigo Hospitals


Key Features:

- Prominent corner location with Barnard Street frontage of 13.5m

- Good tenancy mix returning $49k (approx) per annum across 2 residential and one commercial tenancy

- Current commercial lease agreement runs until June 2023 with a further 4 x 3 year options
- Refurbishment and rental uplift opportunity

- Residential tenancies on month-to-month agreements

- 3 on-site carparks

Property ID: 504042143Last Updated: 30 Jun 2022

McKean McGregor Real Estate - Bendigo

174 STRICKLAND ROAD
STRATHDALE, VIC 3550
McKean McGregor Real Estate - Bendigo
225 Barnard Street
Bendigo, VIC 3550
McKean McGregor Real Estate - Bendigo
174 STRICKLAND ROAD
STRATHDALE, VIC 3550
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