19-21 Nolan StreetBendigo VIC 3550
Property Details for 19-21 Nolan St, Bendigo
Last Listing description (August 2024)
With a fantastic 25.17 metre frontage to Nolan Street, this superb property is perfectly suited to numerous commercial or potentially residential uses (STCA). The property is approximately 540sqm, with two titles.
It has a prime position directly opposite the ever-popular Lake Weeroona, is only a short drive into the CBD and a stone's throw to McCrae Street - Midland Highway, the main north south route that runs through central Bendigo. There is currently a well-established fish and chip shop business operating at the premises, with a lease until June 2025.
This presents the perfect opportunity to purchase the property with an established income, whilst obtaining plans and permits for a possible future development which may include commercial use or unit development with a water outlook across Lake Weeroona. Contact the selling agent for further details.
Property History for 19-21 Nolan St, Bendigo, VIC 3550
- 19 Apr 2024Sold for $232,500
- 19 Apr 2024Sold for $517,500
- 05 Oct 2023Listed for Sale $795,000
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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 5,118 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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