1-4/24 Honeysuckle Street, Bendigo VIC 3550

FOR SALE BY EXPRESSION OF INTEREST CLOSING 12pm DECEMBER 17, 2021.

Superbly located in the thriving regional city of Bendigo and close to amenities and the CBD proper is this outstanding strategic investment opportunity - a block of 4 x 2 bedroom units offered for sale for the first time since their construction in the 1970s. With a strong rental history the property offers a secure investment with plenty of scope to undertake cosmetic renovation or further development (STCA). The original drawings included plans for a further 2 x 2 bedroom units in the open space to the rear of the property - a development never carried out by the current owners offering significant potential for the successful buyer to explore.

Currently on a single title the property may also lend itself to further development through subdivision of the 4 units to individual titles (STCA).

Located a short walk to Woolworths, National Hotel, St John of God Hospital and other key amenities this property is a rare find given its significant scope and outstanding location.

CURRENT LEASE ARRANGEMENTS:

UNIT 1 - Periodic Lease, $200p/w
UNIT 2 - Periodic Lease, $210p/w
UNIT 3 - Fixed Lease 17/12/2021, $210p/w
UNIT 4 - Fixed Lease, 10/01/2022, $250p/w