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BENDIGO
31-33 King Street

6,863sqm approx. | Enquire Now!

Freestanding Single Tenanted Investment - Target Bendigo

**Strong trading investment
**Rare net lease
**Significant strategic site

Ryder Commercial in conjunction with Savills National Retail Investments are delighted to exclusively bring to the market this freestanding Target in Bendigo.

The subject property represents a compelling standalone retail investment offering a secure long term net Lease, occupying a prime CBD location in the heart of Bendigo's Activity Centre.

Target Bendigo offers the following notable features:

-Strong trading investment leased to Target
Australia Pty Ltd, wholly owned subsidiary of
Wesfarmers
-Secure rental income underpinned by a 11 year
renewed lease, plus 2 x 10 year options expiring 2048
-Large store footprint with a GLA of 6,863sq m*
-Rare net lease with Target Australia Pty Ltd
responsible for 100% of the outgoings
-Net Income of $1,000,000pa* equating to a low
base rent of $146/sq m
-Favourable 'Commercial 1' Zone allowing for
multiple future redevelopment opportunities
(STCA)
-Extensive prime CBD site of 6,451sq m* with
three (3) street frontages
-Opposite a new multi-story (4 levels)
development and on-grade Council car parking
for over 510+ vehicles
-Growing regional town, only 150km* northwest
of Melbourne, with over 120,000 residents and
the 3rd largest economy base in Victoria
-Vast regional catchment population of over
250,000 residents*

*Approx

For Sale by Expressions of Interest closing Wednesday 17 November 2021 at 12pm

Listing ID:

500719657

Land:

6,451sqm approx.

Total Area:

6,863sqm approx.

Price:

Enquire Now!

Availability:

Now

Outgoings:

Tenant pays all Outgoings including Land Tax

Occupancy:

Target Australia Pty Ltd

Terms of Sale:

Negotiable




Location