225 Barnard Street, Bendigo, VIC, 3550 - Other Sold on 20 05 2022

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Bendigo

SoldMay 20, 2022

225 Barnard Street, Bendigo, VIC, 3550

Amount undisclosed

466 m²

302 m²

Other

•

30+ days on the market

Sold: May 20, 2022

What's around 225 Barnard Street

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

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Seller's review

almost 4 years ago

Verified Review

Brock made the selling process easy

Dealing with Brock,Jeremy and the team at McKean McGregor was the best experience we have had when selling a property. They did everything that was promised, and worked very hard to achieve a good sale price

Kevin Bazely

Seller