5 Smith Street, North Bendigo VIC 3550

Are you on the hunt for a property in a prime location to develop, or a home to add to your rental portfolio? This 582m² allotment - just a short 500m walk from Bendigo Hospital - could just be the property you're looking for.

Conveniently located close to Bendigo's busy medical precinct, the property guarantees high tenancy rates, or would make for an ideal block to level and build a couple of townhouses (STCA).

The address currently features a 3-bedroom weatherboard home that is currently tenanted. It provides a secure income and if planning to knock over and redevelop, it offers time to get designs, permits and plans in order.

Otherwise, simply sit comfortably with a secure rental property. The home offers new carpet throughout, split system air conditioning, ceiling fans, and a gas heater. The main bedroom (with built-in robes) and good-sized living and dining room are located at the front of the home - alongside the remaining bedrooms and bathroom.

The kitchen features gas cooktop and wall oven and good cupboard space, and is next to the laundry with separate toilet, located at the rear of the home.

Outside there is a good-sized backyard, with some small established trees to provide a nice shady spot to relax. Alongside the home, there is a long, concreted driveway (where you could park several cars) that leads to a lock up 5m x 5.5m shed and provides secure vehicle storage.

Positioned less than 2km from Bendigo's renowned Pall Mall, and around 1km to Lake Weeroona this address is centrally located close to Bendigo's CBD, shops, cafes, schools and more – making it a promising investment.