157-159 McCrae Street Bendigo VIC 3550

Located on one of the busiest intersections in the Bendigo CBD, this large site with 4 separate and well presented retail/warehouse spaces has excellent passing income and a tenancy mix suitable for the passive investor, with longer term development potential (STCA).

Directly across from the recently refurbished Bendigo Tafe and approx 300m from the newly opened Bendigo Law Courts, the 1,250m2* Commercial 1 Zone site has 30m* frontage to McCrae Street, rear
access and 4 on-site car parks.

With recently negotiated leases across all 4 tenancies to established businesses, the
net income of approx $116,510 (ex land tax) provides a solid return on investment.

This is a rare and exciting opportunity for the astute investor to secure a high profile and flexible asset with excellent passing income and long-term returns and future development potential (STCA).

KEY FEATURES:

- High profile/high passing traffic location

- Large and flexible retail/warehouse spaces
- Future development potential (STCA)

- Strong leases across 4 separate tenancies

- Net income - $116,510 (ex land tax)
- Rear access with 4 on-site car parks

- Commercial 1 Zoning

Disclaimer: All property measurements and information has been provided as honestly and accurately as possible by McKean McGregor Real Estate Pty Ltd. Some information is relied upon from third parties. Title information and further property details can be obtained from the Vendor Statement. We advise you to carry out your own due diligence to confirm the accuracy of the information provided in this advertisement and obtain professional advice if necessary. McKean McGregor Real Estate Pty Ltd do not accept responsibility or liability for any inaccuracies.