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175-185 Marong Road
Bendigo VIC 3550
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Sold on 22 Jun 2022

175-185 Marong Road Bendigo VIC 3550

  • Shop & Retail
  • 1,129 m²
  • Sold

Dominant 4,004sqm Convenience Retail Investment Leased to United Petroleum

+New 12-year lease to 2034 plus options to 2064.
+United Petroleum: Top tier tenant, one of Australia's largest and fastest growing independent fuel retailers with over 465 sites nationally.**
+Strong and certain rental growth with annual fixed, compounding 3% increases.
+Landlord-favourable, set-and-forget net lease structure with tenant responsible for council rates, water rates, insurance and repairs and maintenance.
+Strategic 4,004 sqm* corner site with 130 metres* of combined frontage to Marong Road and Specimen Hill Road, two main arterial roads servicing over 27,500 vehicles daily.***
+Woolworths, Spotlight, Bridgestone Select, Bob Jane T-Marts, JAX Tyres, Repco, Reece Plumbing, Mitre 10, KFC, Hungry Jack's and Calder Highway connections all within 2.5km*.
+Located opposite Bendigo Stadium, the largest indoor sports stadium outside metro Melbourne, home to 10 indoor multi-purpose courts and 12 outdoor netball courts - attracting over 15,000 people per week.****
+Victoria's largest inland city, the City of Greater Bendigo generates $16.7 billion in annual economic output with an estimated 47,905 jobs in the area.*****
+The value of building approvals in the Greater Bendigo region has grown 63% to $775 million since FY2020/2021.*****
+By 2036, the City of Greater Bendigo's population is forecast to grow 23.52% to over 155,000.******
+Potential 50% stamp duty savings.
+Minimum management, essential service investment.
+Rent: $350,000 pa*

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 22 June 2022
Crown Casino - River Room

*Approximately
** United Petroleum
*** Gapmaps
**** Bendigo Stadium
***** Remplan
******Forecast.id

AUCTION

Auction date and time22/06/2022 10:30
Auction locationCrown Casino - River Room - Melbourne
Burgess Rawson VIC Pty Ltd
Burgess Rawson VIC Pty Ltd
Level 20, 150 Lonsdale Street
Melbourne, VIC 3000

Property Highlights

Date Sold22 Jun 2022
Floor Area1,129 m²
Land Area4,004 m²
ParkingAsk Agent
Property ID2017828471
Category
Last updated  22 Jun 2022
Map for 175-185 Marong Road Bendigo VIC 3550
Burgess Rawson VIC Pty Ltd
Burgess Rawson VIC Pty Ltd
Level 20, 150 Lonsdale Street
Melbourne, VIC 3000

Property Highlights

Date Sold22 Jun 2022
Floor Area1,129 m²
Land Area4,004 m²
ParkingAsk Agent
Property ID2017828471
Category
Last updated  22 Jun 2022

Co-Agents

Jamie Perlinger
Jamie Perlinger
Burgess Rawson VIC Pty Ltd
Call
0413 860 315
Rick Jacobson
Rick Jacobson
Burgess Rawson VIC Pty Ltd
Call
0413 830 083

More about 175-185 Marong Road Bendigo VIC 3550

175-185 Marong Road Bendigo VIC 3550 is categorized as Shop & Retail Property. It has a floor area of 1,129 m² and a land area of 4,004 m². The listing ID for this property is 2017828471.

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