93-97 High Street Bendigo

$5,500,000

INVEST NOW DEVELOP LATER

DESCRIPTION

* Trophy Freehold Property in the Heart of Bendigo. - (Formerly Rays Tent City)
* Quality tenant with flexibility for the Landlord to extend the existing lease.
* Zoned CZ1 allowing 14m / 4 storey development - STCA.
* 30m Frontage along High Street, Bendigo
* Bendigo's highest exposure road with approx. 30,000 passing cars per day.

Priority1 Property are pleased to offer for sale this Blue Chip property located at 93 - 97 High Street Bendigo.

The landmark site of approx. 2040sqm generates solid income in excess of $ 250,000 p/yr, has 2 street frontages, is a highly accessible inner-city location and provides flexible opportunities for future use.
Currently zoned C1Z, the lease arrangement provides a solid investment return, has a tenant who is keen to extend the lease or also affords the flexibility for developers to undertake planning should the wish to redevelopment the site in the future.

The site is ideal for a hotel development, multi-level office complex, a mix of retail, commercial and/or potential residential opportunities STCA or simply lease "as is" and make this Blue Chip property the centre piece of your investment portfolio.

This truly is a once in a lifetime opportunity to purchase a prime piece of Real Estate in thriving Bendigo.


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