CBD fringe Allied Health Freehold with strong investment return

The freehold property at 233 Napier Street, Bendigo is located in the high traffic area of Napier Street right on the fringe of the Bendigo CBD. The property is zoned General Residential, however operates as a Chiropractic clinic to a highly regarded tenant, who has multiple sites across Central Victoria.

The property enjoys modern amenities including 7 consulting rooms, disabled access toilets, reception area and waiting room.

Background:

• High exposure site

• Freehold property For Sale only

• Tightly held Napier Street, Bendigo location

• Building in superb condition

Key Features:

• Strong tenanted investment returning over 6%

• Current Lease Agreement runs until 1 July 2023 with 2 further 3 year options

• Rental income of $45,000 per annum + Outgoings

• Fixed $1,000 annual increases to rent

• Close to key infrastructure projects in Bendigo CBD