SOLD
Sold on 15 Apr 2024 for $650,000

28 Sandhurst Road
California Gully VIC 3556

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 586m2
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Property Details for 28 Sandhurst Rd, California Gully

Building Type
Commercial
Land Size
586m2
Local Government
Greater Bendigo
Lot/Plan
1/TP533208

Last Listing description (October 2023)

A rare opportunity to purchase the best known corner shop in Bendigo

* Sandhurst Road Milk Bar Freehold & Equipment
* Option to operate or sell lease

* Long term value
* Solid figures (available on request) and loyal customer base
* Approx 300sqm to build a home or on sell (STCA)
* Potential residence at rear of shop.

Family owned for decades, this mighty corner store has rolled with the changes over the years and provided a solid income & lifestyle. The current owners are looking to move onto the next chapter however are willing to hang around for training and handover.

The options and flexibility are the key with this property.
A solid 5 year lease with option of extension provides a set and forget investment, approx 300sqm of land could be built on (STCA) allowing for an additional income stream, or a place to call home close to work!

The corner store has been in business for as long as anyone in town can remember, give me a call and we can meet up, have a coffee and watch the well oiled machine tick along.

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Property History for 28 Sandhurst Rd, California Gully, VIC 3556

A timeline of how this property has performed in the market
Last Sold
$650,000
15 Apr 2024
  • 15 Apr 2024
    Sold for $650,000
  • 24 May 2022
    Listed for Sale CONTACT AGENT
  • 29 Nov 2009
    Sold for $300,000
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About California Gully 3556

The size of California Gully is approximately 3.7 square kilometres. It has 7 parks covering nearly 6.1% of total area. The population of California Gully in 2011 was 4,262 people. By 2016 the population was 4,366 showing a population growth of 2.4% in the area during that time. The predominant age group in California Gully is 0-9 years. Households in California Gully are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in California Gully work in a labourer occupation. In 2011, 65% of the homes in California Gully were owner-occupied compared with 61.3% in 2016.

California Gully has 2,307 properties. Over the last 5 years, Houses in California Gully have seen a 48.14% increase in median value, while Units have seen a 37.96% increase. As at 28 February 2025:

  • The median value for Houses in California Gully is $440,451 while the median value for Units is $317,860.
  • Houses have a median rent of $450 while Units have a median rent of $363.
There are currently 5 properties listed for sale, and 9 properties listed for rent in California gully on OnTheHouse. According to CoreLogic's data, 78 properties were sold in the past 12 months in California gully.

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