SOLD
Sold on 16 Oct 2024 for $865,000

17 Bath Lane
Bendigo VIC 3550

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 692m2
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Property Details for 17 Bath Lane, Bendigo

Building Type
Commercial
Land Size
692m2
Local Government
Greater Bendigo
Lot/Plan
3/SP30824

Last Listing description (December 2024)

This premium commercial property is positioned in the heart of Bendigo's prime CBD retail precinct, making it a highly desirable long-term investment opportunity.Mona Lisa is the highly regarded and established tenant, occupying the premises for 27 years as an iconic local womens fashion business. The new 5 year lease with 2 x 5 year options offers a stable and solid income stream with a healthy return on investment of approx 6%.KEY FEATURES:- Premium location in a popular and high foot traffic area in Bendigo CBD- Very well presented premises- Established and performing tenant operating as Mona Lisa- Rental of $53,045 per annum with fixed 3% increases- Lease for 5 years from June 2023 with 2 x 5 year options- Commercial 1 ZoningBoasting a well-maintained interior and a large main room this space is well suited to its current ladies fashion use. The property is zoned for commercial use and has good street frontage and enjoys excellent foot traffic.In the tightly held precinct this property is a smart addition to any investor's portfolio.

Property History for 17 Bath Lane, Bendigo, VIC 3550

A timeline of how this property has performed in the market
Last Sold
$865,000
16 Oct 2024
  • 16 Oct 2024
    Sold for $865,000
  • 16 Sep 2024
    Listed for Sale $850,000-$900,000
  • 10 Oct 2020
    Listed for Sale $205,000 to $225,000
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About 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 5,143 properties. Over the last 5 years, Houses in Bendigo have seen a 43.36% increase in median value, while Units have seen a 71.39% increase. As at 30 November 2024:

  • The median value for Houses in Bendigo is $560,043 while the median value for Units is $441,224.
  • Houses have a median rent of $470 while Units have a median rent of $443.
There are currently 47 properties listed for sale, and 12 properties listed for rent in Bendigo on OnTheHouse. According to CoreLogic's data, 176 properties were sold in the past 12 months in Bendigo.

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