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Back 225 Barnard Street
Off Market

225 Barnard Street

Bendigo VIC 3550

3
3
3
466 m²
302 m²
Other
Jeremy BrownJeremy Brown, last sold this property on 19 May 2022 after 41 days on market.

Overview

LANDMARK BUILDING WITH RESIDENTIAL AND COMMERCIAL TENANCIES

The historic and well presented freehold property is set on the corner of Forest and Barnard Street’s, a highly visible location close to Bendigo’s CBD. With neighboring historic homes, walking distance to the arts precinct and with excellent commercial exposure this property provides a unique investment opportunity. The prominent site has Commercial 1 Zoning, an established ground floor commercial tenancy as well as two first floor apartments. This rare opportunity provides the astute investor with a good passive income and number of options for the future. Unit 1) Commercial - 144m2 Net lettable area I 1 Car Unit 2) Apartment - 2 Bedrooms I 1 Bathroom I 1 Car Unit 3) Apartment - 2 Bedrooms I 1 Bathroom I 1 Car Background: - Iconic and well presented freehold property built circa 1859 - Building restored to a very good condition with heritage support in early 2000’s - Commercial 1 Zoning surrounded by a mix of residential and commercial properties - Close to Bendigo CBD, arts precinct and Bendigo Hospitals Key Features: - Prominent corner location with Barnard Street frontage of 13.5m - Good tenancy mix returning $49k (approx) per annum across 2 residential and one commercial tenancy - Current commercial lease agreement runs until June 2023 with a further 4 x 3 year options - Refurbishment and rental uplift opportunity - Residential tenancies on month-to-month agreements - 3 on-site carparks

Features

3 bedrooms
3 bathrooms
3 carspaces
3 open car spaces
466 m² floor area
302 m² lot size
Other

Estimated Value

We need at least 3 similar 3 bedroom other properties sold in Bendigo over the last 12 months.

Property history for 225 Barnard Street

2022
Sold
Undisclosed
19 May 2022 by Jeremy Brown, of McKean McGregor

Happy sellers in Bendigo

83%
83% of sellers in Bendigo reported that their sale price either exceeded or met their price expectations.

Bendigo stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 19 reviews in Bendigo over the last 12 months.

Local market activity for 3 bedroom other properties in Bendigo

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