34-36 Bridge StreetBendigo VIC 3550
Property Details for 34-36 Bridge St, Bendigo
Last Listing description (November 2023)
Burgess Rawson is pleased to offer to market 'Healius Pathology' located at 34-36 Bridge Street, Bendigo VIC, for sale via Auction Investment Portfolio 165.
The property has the following key investment highlights:
+ Five (5) year net lease to 'Healius Pathology' to 2027.
+ Fixed 3% annual rent increases, ensuring compounding rental growth.
+ Key collection and pathology testing centre for the greater Bendigo Region with Dorevitch being on site for over 26 years.
+ Attractive net lease with tenant paying all usual outgoings.
+ Well-maintained 419sqm* pathology laboratory with rear laneway access and on-site car parking spaces for specialised collection vehicles.
+ Strategic 789sqm* main road site adjoining complimentary Dorevitch Pathology clinical laboratory and service centre, plus exposure to 17,000+ passing vehicles daily.
+ Situated amongst key medical precinct 300 metres from the $1.1 billion Bendigo Health, employing more than 5,000 staff, treating more than 49,000 inpatients and complemented by an integrated cancer centre. 2
+ Convenient central location amongst Bendigo CBD, 675 metres from Myer, 720 metres from Officeworks, 800 metres from Coles, and within close proximity from the Woolworths and Big W-anchored Bendigo Marketplace.
+ Bendigo: Booming residential growth location with a 37% increase in median house prices since June 2020.3
+ City of Greater Bendigo: Victoria's largest inland city with population forecast to grow to over 155,000 by 20362 and currently generates $18.6 billion in annual economic output with an estimated 55,242 jobs in the area.4
+ Potential 50% stamp duty savings.
+ Net Income: $108,813* pa + GST
For Sale by Investment Portfolio Auction
10:30am AEDT Wednesday 6 December 2023
Crown Casino, Melbourne
*Approx.
1 Healius Pathology
2 Bendigo Health
3 ***
4 ForecastID
Property History for 34-36 Bridge St, Bendigo, VIC 3550
- 06 Dec 2023Sold for $1,810,000
- 03 Nov 2023Listed for Sale Price on Request
- 30 Jun 1997Sold for $390,000
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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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