IT TOOK A CENTURY FOR THE CHANCE TO GET BENDIGOS BEST

EOI – Leased Investment - Park Corner, 4-10 Howard Place, Bendigo

Investment opportunity, Development/Land (Residential, Offices, Retail, Hotel/Leisure), Offices, Retail, Hotel/Leisure

Overview
Property ID: 19323
Price: Contact Agent
Rent: $65,000 (ex. GST)
Building: 700m²
Land: 544m²
Zoning: Commercial 1 Zone
EOI
3/10/2022 02:00 PM
Add to Calendar 03/10/2022 02:00 PM 03/10/2022 02:00 PM Australia/Melbourne EOI – Leased Investment - Park Corner, 4-10 Howard Place, Bendigo IT TOOK A CENTURY FOR THE CHANCE TO GET BENDIGOS BEST Daniel Philip [email protected] false DD/MM/YYYY akKqZLDfczNDwEvbmmHA24960
Description

Expression Of Interest Closing 3rd October 2022 at 2pm.

POINT OF INTEREST:

Bendigo’s real estate is generational and tightly held, which makes this flagship property on Howard Place one of the rarest listings on the market this year. These iconic two-level freehold buildings sit on the prominent corner overlooking the Conservatory Gardens and the magnificent 60 acre Rosalind Park. The ground floor is leased to FOS Kitchen & Bar, the popular restaurant and bar, with the first floor previously occupied for 17 years as Bendigo's best nightclub — and now completely vacant for its next opportunity. Looking at it in numbers, the building is 700 sqm* and the land totals 544.81 sqm*, with 165 sqm* of it allocated to the rear of the property. Plenty of opportunity for development and re-positioning upgrades, the first floor is completely fit-out for functions and events with a cast-iron balcony, heritage façade, and superb natural light. It lends itself easily to a range of potential commercial and residential ventures, such as studio apartments, a retail showroom, a fitness studio, commercial office or a gallery. The City of Greater Bendigo closed Howard Place to traffic 25 years ago to allow pedestrian access and hospitality to flourish, but there’s also ample street parking around the wide streets. Foot traffic has always been high here, being surrounded by major tourist attractions including the Bendigo Art Gallery, the Golden Dragon Museum, Historic Talking Tram tours, and the new Vintage and Classic Motor Bike Museum. You’re practically located on Midland Highway, the main arterial taking you into Melbourne’s centre in under two hours. And as for public transport, the bus routes are within arm’s reach and can take you straight to Bendigo railway station, getting you directly into Melbourne on one line.

- 544.81 sqm* total land area.
- 700 sqm* building area.
- 165 sqm* rear land area.
- Ground floor leased for $65,000.00 per annum.
- Commercial 1 zone.
- Potential for 8 car spaces on site.
- Midland Highway position.
- 890 m* from Bendigo Marketplace.
- 850 m* from Bendigo railway station.


POINT OF VIEW:
Only bound by your ambition, we’re imagining repurposing these buildings into one of Bendigo's most talked about venues.

*Approx.
Pricing excludes GST

Additional Info
Features
TenancyAlkion Holdings T / A FOS Kitchen & Bar
Lease TermThree (3) years
Commenced20.10.2019
Rent ReviewCPI
Bond/GuaranteesTwo (2) months rental
Outgoings PayableBy tenant as per lease
Age100 years plus
Air ConditionerYes
Availability30 - 120 days
Car Parking FeesNil
Car SpacesOnsite
ConditionVery good
FloorsCarpet, wood & tile
LiftsN/A
Permits IssuedNo
Roller DoorsN/A
SprinklersN/A
Suitable DevelopmentResidential, commercial, mixed - use (STPA)
Wheel Chair AccessNo
ZoningCommercial 1 Zone
Outgoings
Owners’ CorporationTBC
Council Rates$10,937.05
Water Rates$3,087.80
Land Tax$835.00
Essential Safety MeasuresTBC
Fire Service Levy$779.10
Agent Details
CVA Property Consultants - Daniel Philip

Daniel Philip

M | 0439 977 121
T | (03) 9623 2560
E | [email protected]

CVA Property Consultants - John Nockles

John Nockles

M | 0404 530 393
T | (03) 9623 2591
E | [email protected]

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