225 Barnard Street Bendigo VIC 3550

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