SOLD
Sold on 15 Aug 2024 for $2,250,000

89-91 High Street
Bendigo VIC 3550

Bedrooms: -
Bathrooms: -
Car spaces: -
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Property Details for 89-91 High St, Bendigo

Building Type
Commercial
Local Government
Greater Bendigo
Lot/Plan
1/TP690048

Last Listing description (March 2023)

TROPHY CORNER IN THE HEART OF BENDIGO.

* Trophy corner in the Heart of Bendigo.
* Quality tenant with flexibility for the Landlord in the lease.
* Zoned CZ1 - 14m/4 storey development opportunity - STCA.

* Frontages: High & Short Streets, Bendigo
* Bendigo's highest exposure road with approx. 30,000 passing cars per day.

Priority1 Property are pleased to offer for sale this Blue Chip property located at 89-91 High Street Bendigo. The landmark site of approx. 800sqm generates solid income, has 2 street frontages, is a highly accessible inner-city location and provides flexible opportunities for future use.
Currently zoned C1Z, the lease arrangement provides a solid investment return but also affords the flexibility for developers to undertake planning should the wish to redevelopment the site in the future.
The site is ideal for a hotel development, multi-level office complex, a mix of retail, commercial and/or potential residential opportunities STCA or simply lease "as is" and make this Blue Chip property the centre piece of your investment portfolio.
This truly is a once in a lifetime opportunity to purchase Gold in Bendigo.

Property History for 89-91 High St, Bendigo, VIC 3550

A timeline of how this property has performed in the market
Last Sold
$2,250,000
15 Aug 2024
  • 01 Jul 2022
    Listed for Sale $3,250,000
  • 29 Aug 2014
    Listed for Rent $110,000 pa, plus GST & Outgoings
  • 13 Jun 2014
    Listed for Rent $135,000PA, PLUS GST & OUTGOINGS
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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 48 properties listed for sale, and 12 properties listed for rent in Bendigo on OnTheHouse. According to CoreLogic's data, 175 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.