Woolworths/Caltex 123-125 Condon Street BENDIGO VIC 3550
$4,150,000

DESCRIPTION

New 10 year lease to Woolworths Ltd to 2026 plus options to 2046.
Woolworths Petrol: a division of Woolworths Group Limited with a network of over 600 outlets and FY18 revenue of $4.7 billion.
Re-tanked and refurbished at lease commencement – new strategic partnership with Caltex Limited.
Includes brand new 4 + 4 + 4 year lease to established physiotherapist with multiple locations in Bendigo T/A Fusion Physiotherapy.
Highly strategic Commercial 1 land parcel of 5,068 sqm with 40m frontage to Condon St plus access to Edwards Rd amongst two major shopping centres servicing the growing residential population of eastern Bendigo.
Annual rent reviews with 80% income from Woolworths/Caltex.
Greater Bendigo: Victoria’s third largest urban centre with a growing population of over 113,000 forecast to increase to 145,000 to 2031.
Combined Rent: $247,384 p.a.

For Sale by Private Treaty