McKean McGregor are thrilled to provide you with our new listings catalogue for September and October 2024.
As you'll see throughout the booklet, we're very fortunate to have a strong number of vendors who have trusted us with their sale.
More broadly speaking, whilst we're seeing signs that the economy is struggling post the covid boom, the Bendigo commercial and industrial property sector has remained mostly resolute, with our team achieving some fantastic results this year. Properties offered with vacant possession or with a strong lease are particularly finding buyer depth.
Whilst we note the recent release of the City of Greater Bendigo managed growth strategy, unfortunately commercial development projects and land sales are very slow, which is leading to softer results for those related
properties. There are however some green shoots in the market, with some indications that interest rates may be on the way down, the market is eagerly awaiting some positive news to see funds flowing back into this asset class.
Our team is building a strong reputation in the market, striving to deliever the best possible expereince for our clients. If you have any questions relating to the properties listed in our catalogue, or would like to discuss your property sale, leasing opportunities or our commercial property management then please dont hesitate to get in touch.
Regards,
Jeremy Brown
KEY FEATURES:
McKean McGregor is privileged to present one of the most impressive industrial facilities in the greater Bendigo region. Nestled in the prestigious East Bendigo industrial hub, this prime property spans a substantial 2.118 hectares* of Industrial 1 zoned land and houses an exceptional and expansive office and warehouse complex.
Surrounded by esteemed businesses within the renowned Brickworks Estate the location offers excellent truck access making it ideal for a range of industrial businesses. With surplus land and permit approval for further development this is a landmark acquisition opportunity.
• Gross Building area 2,583m2*
• 489m2* of two storey A-Grade office accommodation
• 2,094m2* of warehouse with 9m* internal clearance
• 8m cantilever canopy (area of 456m2*) and two 5 x 5m* electric roller doors
• Acoustic paneling to warehouse and temperature controlled room
• 3 phase (160 amps per phase) power
• Large truck access, with significant turning and sealed yard areas
• Exceptional staff amenities
• Ample secure on-site car parking
*All measurements are approximates
FOR SALE BY PORTFOLIO AUCTION: 10:30AM WEDNESDAY 30TH OCTOBER
Crown Casino, River Room, Melbourne
THIS PROPERTY IS PART OF PORTFOLIO 172
JEREMY BROWN
M: 0417 590 171 E: jeremy@mckeanmgregor.com.au 169-171
BROCK PINNER
M: 0428 710 007
E: brock@mckeanmcgregor.com.au
McKean McGregor and Burgess Rawson are pleased to offer to the market 169-171 High Street, Bendigo for sale via Auction Investment Portfolio 172. 1,035m2
KEY FEATURES:
• Renewed Five (5) year lease to JAX Tyres & Auto to December 2028 with Three (3) further Five (5) year options to 2043.
• Desirable annual CPI reviews.
• Landlord-favourable net lease terms with tenant responsible for all usual outgoings excluding Land Tax.
• JAX Tyres & Auto: A subsidiary of Hankook, leader in the automotive industry, with over 90 sites nationally, employing over 1,000+ people and servicing more than 700,000 customers every year.
• Hankook (KRX:161390): 7th ranked in tire sales globally, employing 22,000* people across all businesses and operating in 160+ countries with a market capitalisation of $5.93 Billion (AUD).
*All measurements are approximates
PRICE : $925,000 - $1,000,000 (+ GST)
M: 0428 710 007 E: brock@mckeanmcgregor.com.au
KEY FEATURES:
This extremely well presented commercial property is located in a highly visible position in one of the most active precincts within Bendigo's CBD.
With excellent natural lighting the large main floor area has the flexibility for a range of potential uses and is currently operating as a 40 person gym.
With vacant possession offered, this outstanding commercial premises provides the opportunity for owner occupiers to establish a business presence and investors a chance to secure highly desirable premises with excellent potential returns.
• Highly visible, close to national brands in high foot traffic location
• Very well presented large open plan floor area
• Recently refurbished and immaculately presented amenities
• Adequate storage and office space
• Excellent on street parking access
• Offered with vacant possession
• Commercial 1 Zoning
*All measurements are approximates
30 5,917m2*
Sitting on a prime corner site with over 150m* street frontage this 5,917m2* parcel of Industrial 3 Zoned land is a rare and prime investment opportunity in the heart of the thriving Epsom commercial precinct.
The building of 1,087m2* includes a galvanised iron shed, office and amenities and is tenanted by the highly regarded Human Mechanics Gym, who have 9 years remaining on the lease agreement.
Located just 250m* from the booming Epsom Village Shopping precinct, with excellent access to the Midland Highway and directly adjacent the Epsom Railway station this is a strategic and prime location.
With a strong immediate investment return and increasing commercial profile of the Epsom precinct, demand for prime sites like these are sure to intensify into the future.
KEY FEATURES:
• Significant and prime industrial location less than 250m to Epsom Village and adjacent to train station
• High profile corner site with over 150m* of street frontage
• 5,917m2* parcel of Industrial 3 Zoned land
• Outstanding long-term development potential
• Significant industrial premises
• New 10 year lease from August 2023
• Current Rent $102,429.48 + GST with annual CPI increases
• Well appointed reception, offices and amenities
*All measurements are approximates
150m2*
This premium commercial property is positioned in the heart of Bendigo's prime CBD retail precinct, making it a highly desirable long-term investment opportunity.
Mona Lisa is the highly regarded and established tenant, occupying the premises for 27 years as an iconic local womens fashion business. The new 5 year lease with 2 x 5 year options offers a stable and solid income stream with a healthy return on investment of approx 6%.
Boasting a well-maintained interior and a large main room this space is well suited to its current ladies fashion use. The property is zoned for commercial use and has good street frontage and enjoys excellent foot traffic.
In the tightly held precinct this property is a smart addition to any investor’s portfolio.
KEY FEATURES:
• Premium location in a popular and high foot traffic area in Bendigo CBD
• Very well presented premises
• Established and performing tenant operating as Mona Lisa
• Rental of $53,045 per annum with fixed 3% increases
• Lease for 5 years from June 2023 with 2 x 5 year options
• Commercial 1 Zoning
*All measurements are approximates
733m2*
This newly built premium tilt slab/colorbond office and warehouse is located in the heart of the thriving and expanding East Bendigo industrial precinct and provides a rare ready to move in proposition.
Directly adjacent to the Bendigo airport with excellent truck access and street exposure, this individually titled Industrial One Zoned premises has excellent drive-thru truck access and would suit a range of business types.
KEY FEATURES:
• Quality office fit-out: studio, staff amenities, boardroom and workspaces totalling 319m2
• Open plan warehouse of 591m2 with internal clearance of 5.5m and 3 phase power
• 3 x 5m electric roller doors with drive-thru accessibility
• Offered with vacant possession
• Substantial shared on-site car parks
*All measurements are approximates
KEY FEATURES:
Boasting a prime location on the prominent Wills Street, this period property is suitable for various professional or consultancy businesses or could be adapted for residential use (S.T.C.A).
Highly sought after parking is easily accessible with a common driveway leading to off-street parking on title, while the council owned Target car park is two doors down.
Offered with vacant possession, this property presents a blank canvas for new owners, offering a unique business investment or potential for modern living in a highly desirable area.
• Tightly held and Prominent CBD fringe location
• Commercial 1 Zoning
• Original Victorian era features
• Off-street parking via rear access for up to 2 cars
• Large and flexible layout
• Offered with vacant possession
• Easily converted to a residence (STCA)
*All measurements are approximates
2,042m2*
Nestled in an active East Bendigo location is this unique and highly visible 2,042m2 parcel of Industrial 1 zoned land.
Surrounded by esteemed businesses within the renowned Brickworks Estate, this property combines location, accessibility and a range of potential uses.
KEY FEATURES:
• 2,042m2* of Industrial 1 zoned land
• Elite East Bendigo industrial location
• Existing 60m2* galvanized shed
• Potential for development, storage and/or vehicle parking (STCA)
• Neighbors significant businesses in highly regarded Brickworks Estate
• Strategic industrial site with good visibility and access
*All measurements
Our Commercial and Industrial property team has found a strong niche in the market driven by providing energy, expertise and a client-first approach.
If would like to discuss your property sale, leasing opportunities or commercial property management then please dont hesitate to get in touch.
COMMERCIAL SALES
Jeremy Brown 0417 590 171
Brock Pinner 0428 710 007
Alex O'Shea 0477 886 727
COMMERCIAL LEASING
Alex O'Shea 0477 886 727
Jed Edlin 0499 022 196
Beck Mullen 0457 433 929
