SOLD
Sold on 07 Mar 2024 for $1,940,000

256 Hargreaves Street
Bendigo VIC 3550

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1774m2
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Property Details for 256 Hargreaves St, Bendigo

Building Type
Commercial
Year Built
2013
Land Size
1774m2
Local Government
Greater Bendigo
Lot/Plan
2/PS348606

Last Listing description (November 2023)

ARPBS Commercial have on offer a prime opportunity to secure a tenanted Retail investment located in the Heart of Bendigo. This property provides exceptional exposure to Hargreaves Street and is being sold as a going concern with ASX listed tenant "The Reject Shop".

The property is currently leased on a 5 year lease term which began in March 2022 providing a strong current base rental yield of $116,390 plus GST. Additionally there are annual increases to the base rental with a market review on the option.


Please call George on 0418315936 for further information or to organise an inspection.

Features
* Quality Tenant
* Strong investment yield
* High Exposure location
* Loading bay to rear of property
* Amenities provided

Property History for 256 Hargreaves St, Bendigo, VIC 3550

A timeline of how this property has performed in the market
Last Sold
$1,940,000
07 Mar 2024
  • 07 Mar 2024
    Sold for $1,940,000
  • 11 Nov 2023
    Listed for Sale $2,150,000
  • 10 Apr 2020
    Transferred
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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 5,127 properties. Over the last 5 years, Houses in Bendigo have seen a 42.27% increase in median value, while Units have seen a 76.26% increase. As at 31 July 2024:

  • The median value for Houses in Bendigo is $570,705 while the median value for Units is $451,332.
  • Houses have a median rent of $460 while Units have a median rent of $440.
There are currently 36 properties listed for sale, and 8 properties listed for rent in Bendigo on OnTheHouse. According to CoreLogic's data, 154 properties were sold in the past 12 months in Bendigo.

Suburb Insights for Bendigo 3550

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.