145 Bridge StreetBendigo VIC 3550
Property Details for 145 Bridge St, Bendigo
145 Bridge St, Bendigo is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1970. The property has a land size of 373m2 and floor size of 61m2. While the property is not currently for sale or for rent, it was last transferred in January 2016.
Last Listing description (October 2020)
Situated ideally between the Hospital precinct and Lake Weeroona is this exciting freehold opportunity that is ripe for the picking! Suited to the savvy investor, this set and forget proposition will provide you with immediate short term income and security, with the potential for solid long term growth in a well proven corridor.
Location is a key to any good investment, and a property on tightly held Bridge Street is no exception! The corner position offers maximum exposure in a high traffic area, the ideal formula for attracting top quality tenants. Zoned General Residential and set on approx. 367m2, the property currently incorporates a commercial shop front plus residence, offering the flexibility to live and operate a business all under the one roof.
The residence is very neat and liveable allowing an extra facet to potential rental income. It boasts two carpeted bedrooms with built in robes, updated bathroom including corner spa and shower, laundry, central kitchen and meals area, and carpeted lounge with wood heater. Evaporative cooling is ducted to all parts. There is secure off street parking for two cars, a private sunny courtyard, large storage shed and external bathroom facilities and storeroom ideal for staff.
The shop front provides excellent exposure, and can offer a number of potential uses for prospective tenants. It is currently being operated as a popular and reputable suburban caf with a very healthy trade, and includes a spacious main dining area of approximately 50m2, and two separate areas incorporating a kitchen and storerooms. Outdoor seating is permitted at the front proving a space for popular alfresco dining
Leased to an excellent long term tenant until September 2023 with a further 5 year option available, this multi purpose investment in a prime, proven location will be exactly the addition to your portfolio you have been searching for. Call now for more information or to book a private inspection
Property History for 145 Bridge St, Bendigo, VIC 3550
- 01 Mar 2017Listed for Sale $450,000
- 11 Jan 2016Transferred
- 29 Jan 2004Sold for $235,000
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0About Bendigo 3550
The size of Bendigo is approximately 5.5 square kilometres. It has 8 parks covering nearly 8.8% of total area. The population of Bendigo in 2011 was 5,774 people. By 2016 the population was 5,534 showing a population decline of 4.2% in the area during that time. The predominant age group in Bendigo is 20-29 years. Households in Bendigo are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Bendigo work in a professional occupation. In 2011, 54% of the homes in Bendigo were owner-occupied compared with 53.7% in 2016.
Bendigo has 5,119 properties. Over the last 5 years, Houses in Bendigo have seen a 38.62% increase in median value, while Units have seen a 62.26% increase. As at 31 October 2024:
- The median value for Houses in Bendigo is $553,490 while the median value for Units is $425,996.
- Houses have a median rent of $470 while Units have a median rent of $440.
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