Bendigo CBD Corner With 30+ Years of Tenant Retention
95 Mitchell Street, Bendigo VIC

Stonebridge Property Group is pleased to present for sale 95 Mitchell Street, Bendigo.

  • Striking corner freehold with 34 m* of CBD street exposure + valuable outdoor dining
  • The prominent retail position has seen 30+ years of uninterrupted retail occupancy (zero days vacant)
  • Secured by a NET 6-year lease through to 2028, a passing income of $71,000* with fixed 4% annual rental increases
  • Comprising two titles (ground floor & level one) allowing future flexibility
  • Major rental upside through reconfiguration of level one (STCA)
  • Located in the heart of the Bendigo CBD, bookended by Coles (120 m*), Target (130 m*), & Dan Murphy’s (150 m*), Bendigo train station (285 m*) & Woolworths (300 m*)
  • Set to host a number of major events at the 2026 Commonwealth Games ($2.6 billion forecasted funding to regional Victoria)
  • Bookended between ~$300,000,000 of public and private development including the Bendigo Law Courts ($152m*), Bendigo Tafe (120 m*) and the Bendigo Gov Hub which is set to house ~1,000 new government employees and be a major driver of activity to the immediate area
  • Bendigo is Victoria’s 3rd largest city and has a population growth rate of 1.54% per annum, which is 51% higher than Victoria’s average. Bendigo has seen a substantial 29% rise in median house price from 2018, with majority of the increase occurring throughout 2021 in line with the increased demand for regional real estate^

^Source: REIV
95 Mitchell Street, Bendigo is for sale by Public Expressions of Interest closing Wednesday 8th June 2022 at 12:30pm (AEST). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group:

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