OFF MARKET

54-56 High Street
Bendigo VIC 3550

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 1424m2
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Property Details for 54-56 High St, Bendigo

54-56 High St, Bendigo is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 1424m2.

Building Type
House
Land Size
1424m2
Local Government
Greater Bendigo
Lot/Plan
1/TP13730

Last Listing description (March 2016)

The magnificent C1940 art deco double brick building is within 1km of Bendigo's CBD and situated on the busy Axedale/Heathcote/Melbourne Eastern exit from Bendigo. Having a second and rear access from Sternberg Street guarantees plenty of parking to find the courtyard, beer garden or bistro, lounge, main bar of the hotel proper.
The bistro lounge and bar area have been superbly maintained with a feature highly polished circular red gum bar.
Below this is a dado bar wall also of solid red gum plus mini orb cladding. The highly polished hardwood floor boards create a warm and Arcadian atmosphere that is very welcoming. Original double hung timber windows, ornate plaster work, fresh paint and some recent renovations compliment the high ceilings, curved interior corners, mirror backed glass and spirit bottle shelves plus many other period features too numerous to mention.

The inside seating has a capacity for around 80 chairs in the spacious layout. The 6 x 6m cellar is complete with shelving, concrete walls and floor, float switch on sump, and capacity for 8 beer outlets. There is 3 phase, 100 amp power to the hotel. The current working week is 6 days, having Sunday off then doing 11.30am till late.
The current liquor licence permits 10am - 11pm Sunday and 7am to 1am Monday to Saturday. (Take off premises alcohol is 7am to 11pm).
The comfortable meals area has 4 built in gas/log fireplaces, ceiling fans, 2 reverse cycle units with another refrigerated air conditioner as well. A long list of bar plant and equipment including coffee machine, glass washer, IPad meals ordering, hardware and all the fridges is available on request.
The kitchen has wide gas cook top, pizza oven, plenty of fridge & freezer volume, ice maker, dish washer and the usual range of plant and equipment. It is being presented in immaculate condition, like all of the public space and comes with a dry pantry room to one side. A covered walkway connects the kitchen past the laundry and double accessed cool room to the beer garden's servery and outside covered bistro area. This approx 11 x 6m under cover with bistro blinds and paved flooring. It also features reticulated gas heating, sound system, solid bar servery (with access to cool room) and outdoor toilet facilities. This is part of the lucrative and attractive beer garden complete with palm trees, buffalo grass, 5' colour bond fencing, tables, chairs and umbrellas and easily accessed for marquis/stage erection by the Sternberg St entrance without having to go through the hotel. In earlier times this access and now courtyard was the drive through for bottle shop sales. The paved courtyard adjoins the beer garden and has a brush/lattice fence.
This popular venue is highly sought for birthday celebrations, weddings, engagements or organised social events. Plenty more potential here.
Upstairs finds 9 individual rooms, all with 10' ceilings, polished board floors, with good paint that can either be let out or used by the licensee as they currently are. These are accompanied by 2 separate bathroom areas (shower, bath & WC), a kitchen, lounge, linen press room, plus a large area at the top of the stair well for extra living area. There is beautiful laminated wood panel from the art deco era lining the sides of the staircase.

Property History for 54-56 High St, Bendigo, VIC 3550

A timeline of how this property has performed in the market
  • 21 Jan 2016
    Listed for Sale Price by Negotiation $110,000 - $120,000 plus GST Plus Stock

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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 5,121 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.
There are currently 47 properties listed for sale, and 15 properties listed for rent in Bendigo on OnTheHouse. According to CoreLogic's data, 161 properties were sold in the past 12 months in Bendigo.

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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.