SOLD
Sold on 02 Feb 2024 for $670,000

79 High Street
Heathcote VIC 3523

Bedrooms: -
Bathrooms: 2
Car spaces: 2
Floor area: 156m2
Land area: 590m2
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Property Details for 79 High St, Heathcote

Building Type
Commercial
Floor Size
156m2
Land Size
590m2
Local Government
Greater Bendigo
Lot/Plan
2/SP33387

Last Listing description (February 2024)

- Established Presence, The Heathcote Pharmacy has been successfully operating from 79 High Street since the year 2001, showcasing a long-standing and solid reputation in the area
- Quality Tenant and Lucrative Lease. The property boasts a reliable tenant with a flourishing business, currently under a secure lease generating $38,400 per annum Plus GST
- This steady income is guaranteed through a lease agreement, ensuring income stability until November 2027

- The prime location features a quality building strategically situated in a high-profile location, offering both front and rear access for added convenience
- A 560m2 allotment, the property includes a 137m2 building with an additional 28m2 lockable storage shed at the rear, providing ample space for various business needs
- The property is designed with practicality in mind, offering room for 6+ car parks at the rear or potential to build a residence subject to council approval.
- Enjoying a strategic location, the property is within a short walking distance to Heathcote's Gaffney's Bakery and the Heathcote Post Office/Newsagency
- This fantastic investment opportunity is centrally positioned, being just 40 minutes away from Bendigo and 90 minutes from Melbourne. Additionally, it is surrounded by the renowned Heathcote wine region, adding to its appeal for potential investors
CALL BRAD TODD FOR ADDITIONAL INFORMATION - 0419 771 475

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Property History for 79 High St, Heathcote, VIC 3523

A timeline of how this property has performed in the market
Last Sold
$670,000
02 Feb 2024
  • 02 Feb 2024
    Sold for $670,000
  • 10 Jan 2024
    Listed for Sale $725,000
  • 30 Dec 2014
    Sold for $308,000
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About Heathcote 3523

The size of Heathcote is approximately 130.9 square kilometres. It has 9 parks covering nearly 25.2% of total area. The population of Heathcote in 2011 was 2,775 people. By 2016 the population was 2,781 showing a population growth of 0.2% in the area during that time. The predominant age group in Heathcote is 60-69 years. Households in Heathcote are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Heathcote work in a trades occupation. In 2011, 80.4% of the homes in Heathcote were owner-occupied compared with 77.2% in 2016.

Heathcote has 2,460 properties. Over the last 5 years, Houses in Heathcote have seen a 89.99% increase in median value, while Units have seen a 97.46% increase. As at 30 September 2024:

  • The median value for Houses in Heathcote is $657,732 while the median value for Units is $390,940.
  • Houses have a median rent of $430 while Units have a median rent of $298.
There are currently 68 properties listed for sale, and 2 properties listed for rent in Heathcote on OnTheHouse. According to CoreLogic's data, 72 properties were sold in the past 12 months in Heathcote.

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