information memorandum 31 & 31a view street, bendigo

31 & 31A View Street, BendigoINFORMATION MEMORANDUM

FOR PRIVATE SALE

31 & 31A View Street, BENDIGO | 1

Inspection: By appointment only

GLENN REA

M: 0429 027 220E: [email protected]

BEC ALLEN


Private Sale

31 & 31A View Street, Bendigo


Executive Summary: This is an incredible opportunity to purchase one of the city’s most iconic buildings. The stunning family home provides the perfect blend of traditional grandeur and modern designer style with stunning heritage features, space and an unparalleled position.

Located in the centre of the CBD, the property enjoys panoramic views across the city and is quite literally a stone’s throw from the historical Alexandra Fountain. This unique property is truly one-of-a-kind. With the commercial aspect providing a built-in income, and the residential space absolutely ideal for a family, this is a home like no other offering the ultimate in modern city living.

Background:

• Historic Bendigo property

• Freehold property for Private Sale

• Tightly held View Street, Bendigo location

• Within arts precinct

Key Features:

• Absolute inner city living

• Private and secure residence

• 3 floors, plus rooftop terrace, deck and pool

• Offering approval for both residential and commercial titles

• Current Lease Agreement runs until 2022


BendigoBendigo is located some 150 kilometres to the North West of Melbourne and is Victoria’s 4th largest City behind Melbourne, Geelong and Ballarat. It is serviced by hourly passenger train to the states capital and also a dual lane Freeway.

The population of Bendigo is currently estimated at 120,000 with forward estimates showing a population of some 156,000 by 2036, making the region one of the fastest growing areas nationally and a property ‘hot spot’.

Of note, pre-covid Qantas have recently begun daily flights to and from Sydney, with plans and costings complete to add further services to places like Adelaide and also Canberra in the not too distant future.

Continued talk of a fast rail link to Melbourne will further unlock growth opportunities in the region, particularly for the commuter market.

Bendigo also enjoys one of Australia’s most renowned Arts Precincts, which is located close to the headquarters of the ASX top 100 listed Bendigo & Adelaide Bank. Other key drivers of the local economy are the new Hospital precinct, which recently had an almost $1 billion facelift, the La Trobe University Campus, the Fosterville Mine and government services.


M A C K E N Z I E S T

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MA R K E T S

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G A R S E D ST

B AT H LN

R O W A N S T

BA X T E R S TW AT E R S T

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HE L L S T

MY E R S S

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WI L

L S ST

V I EW ST

PA L L MA L L

B A R N A R D S T

M C LV O R H W Y

WI L L I A M

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A P E L S T

M I L L S O N D E V E L O P M E N T S

W I L S O N L A N E

C A F E S

01 Ex Lion Tamer

02 Cortille

03 Old Green Bean

04 Percy & Percy

05 The Good Loaf

R E S T A U R A N T S

06 Masons of Bendigo

07 The Woodhouse

08 Piyawat Thai

09 Wine Bank on View

10 The Dispensary

11 Mr Beebe’s

12 Rocks on Rosiland

B A R S

13 Handle Bar

14 Golden Vine Hotel

R E T A I L

15 Bendigo Marketplace

16 Bendigo Wholefoods

17 Coles Supermarket

18 Myer

C U L T U R E

19 Bendigo Cinemas

20 Ulumbara Theatre

21 The Capital Theatre

22 Bendigo Art Gallery

23 Post Office Gallery

24 Sacred Heart Cathedral

25 Discovery Science & Technology Centre

R E C R E A T I O N

26 Tom Flood Sports Centre

27 Bendigo Grass Tennis Courts

28 Bendigo Bowls Club

29 Bendigo Aquatic Centre

30 Queen Elizabeth Oval

P A R K L A N D

31 Rosalind Park

32 Ewing Park

1 1 1 M I T C H E L L

A T Y O U R D O O R S T E P

3 minute walk to Bendigo Marketplace

4 minute walk to Bendigo Station

7 minute walk to Alexandra Fountain

7 minute drive to Bendigo Health

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31 & 31A View Street

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Bendigo CBDBendigo City Centre is the most important retail and commercial centre for northern and central Victoria. It is Greater Bendigo’s primary employment area, providing a full range of higher order commercial, retail, visitor, social, civic, cultural, tourism and entertainment activities.

There are estimated to be over 14,000 jobs located in the City Centre, with a forecast for continued growth in the health sector, financial and insurance services, professional services, and education and training.

The City Centre generates an economic output of $3.3 billion, close to one quarter of the output for Greater Bendigo. It is expected that the CBD will grow from the current population figure of around 5,900 to 8,700 by 2036. Bendigo is attractive to young adults with 15.8 percent of the population aged between 20 and 29 years.

A number of older buildings in the city have found a new lease of life with commercial upgrades and conversions to apartment living. The the new GovHub and Law Courts developments are now unders construction while 3 large scale Hotel developments are going through planning at council which is further testament to the growth trajectory of the Bendigo.

1. Tom Flood Sports Centre2. Golden Dragon Museum3. Bendigo TAFE 4. Bendigo Art Gallery 5. Rosalind Park6. Bendigo Law Courts (under construction)7. Bendigo Visitor Centre8. Bendigo GovHub (under construction)9. Hargreaves Mall 10. Sacred Heart Cathedral11. Bendigo Bank Head Office12. Coles Bendigo13. Girton Grammar School14. Bendigo Cinemas


The propertyThis unique building was built in 1925 and was originally the offices of T&G Mutual Life Assurance, a company that was renowned for its stunning buildings. Once the tallest building in the city, the expansive roof terrace offers unparalleled 360-degree views across Bendigo.

The ground floor is home to the commercial aspect of the building and a quality existing tenant has utilised the sensational open plan space.

The property has secure access from both the storefront, and from the rear of the home. A light-filled stairwell leads up one side of the property, with two bedrooms on the first floor (one currently serving as a home office with custom-built cabinetry, and the other with a modern ensuite) and an additional two bedrooms can be found on the second floor. The spacious master includes his and hers walk-in robes and his and hers dressing rooms, and the contemporary ensuite is light and bright. A third bathroom can be found on the first floor – ideal for guests – along with a mudroom and spacious laundry.

The first floor also features a formal dining space, and a spacious open plan kitchen, dining and living room. This fantastic area includes high-end custom cabinetry, a bar section with wine rack, drink fridge and separate sink, and commercial quality appliances.

French doors from the main living area open out to a paved terrace with distinctive views of historical CBD buildings. A sweeping stone staircase leads down to the concrete swimming pool, landscaped garden and additional terrace. Access to a private laneway and double garage provides a convenient way to come and go from the property. Stairs from the second floor take you to the sizeable roof terrace that offers panoramic views across the city and an opportunity to create the ultimate rooftop garden.

Additional features include:

• Ducted heating and refrigerated cooling throughout• Ceiling fans in bedrooms and main living• High-end fixtures and fittings throughout• Modern kitchen appliances including five-burner gas cooktop, 900mm chef’s

oven and dishwasher• Cathedral views from the master bedroom• Fully tiled, salt chlorinated concrete inground 4m x 10m swimming pool• Sonos speakers wired throughout• Remote control roller door access to double garage

Title particulars Zoning Lot/Plan Land Area

Vol 4987/Fol 279 Commercial 1 Lot 1 TP692417 590m2


The TenantMade in Common is a popular retail space which provides a selection of products, unique in nature, but with a Common philosophy: quality over quantity with ethical and sustainable production.

Quality craftsmanship and fabrics, small batch production and supporting up and coming designers and creators is at the core of the business.

Made in Common includes a hair salon, as well as an extensive range of specialist hair care products.

www.madeincommon.com

LEASE DETAILS

Original Lease date: 1 December 2016

Current Term: 3 years beginning 1 December 2019

Rent: $49,929.42 + GST

Further terms: Nil

Rent Increases: CPI at the start of each term + Market at option


Residence - Internal


Residence - External


Floorplan


Disclaimer

This Information Memorandum (“Information Memorandum”) has been prepared by McKean McGregor (“McKean McGregor”). The purpose of the Information Memorandum is to provide the recipient (“Recipient”) with general information concerning the properties the subject of the Information Memorandum (“Properties”) to assist the Recipient in deciding whether to acquire them.

CONDITIONS OF RECEIVING THE INFORMATION MEMORANDUM

This Information Memorandum supplied subject to the conditions outlined below. The acceptance of the Information Memorandum, by the recipient and/or any participation by the Recipient in any aspect of the sale process evidences its acceptance of those conditions.

1. This Information Memorandum is confidential and must not be disclosed or distributed to other parties by the Recipient.

2. The information contained in this Information Memorandum does not purport to contain all the information that Recipients may require to evaluate whether or not to purchase the Properties. In addition, McKean McGregor and the Vendor (including all of their respective directors, partners, consultants and/or employees, related bodies corporate and the directors, shareholders, managers, employees or agents of any of them)(“Information Providers”) shall not be under any obligation to correct, update or revise the Information Memorandum, or any written or oral communications transmitted to the Recipient in the course of evaluating the Properties. This Information Memorandum is not to be considered as a recommendation by the Information Providers that any Recipient acquire the Properties. Each Recipient should conduct and rely upon its own investigation and analysis of the Properties and is advised to seek its own professional advice on the legal, financial, taxation and other consequences of acquiring the Properties.

3. The Information Providers make no representation or warranty express or implied, as to the accuracy, reliability, reasonableness or completeness of the contents of the Information Memorandum. All of the Information Providers expressly disclaim any and all liability (whether

arising from negligence or otherwise) for, or based on, or relating to any such information (including any estimates of forward looking statements) contained in this Information Memorandum, or for any errors in or omissions from this Information Memorandum, or for any written or oral communications transmitted to the Recipient in the course of its evaluation of the opportunity, except for any liability which cannot be excluded as a matter of law.

4. The Information Providers reserve the right to provide further information to any person and will be under no obligation to treat all interested persons equally or provide the same information to the Recipient or any other recipients of this Information Memorandum.

5. This Information Memorandum does not constitute investment, accounting, financial, legal or tax advice.

6. The Vendor reserves the right to evaluate any offers, to reject any or all offers submitted and to deal with one party at the exclusion of others without giving reasons to the Recipient. The Information Providers will not be liable to compensate the Recipient or any intending acquirer for any costs or expenses incurred in inspecting, reviewing, investigating or analysing any information in relation to the Properties.

7. By accepting a copy of this Information Memorandum, the Recipient agrees that it will hereby irrevocably and unconditionally consent to submit to the jurisdiction of the Courts of Victoria, in respect of any disputes, actions, suits or proceedings arising out of or relating to this Information Memorandum and the transaction contemplated herein.

8. If you do not agree to these conditions, you must immediately return this Information Memorandum without further reviewing its contents. Failure to return this Information Memorandum and continued participation by the Recipient in any aspect of the sale process for the Investment will be deemed to constitute acceptance of these conditions.

31 & 31A View Street, BENDIGO | 11MCKEANMCGREGOR.COM.AU |

GLENN REA

M: 0429027 220E: [email protected]

BEC ALLEN


information memorandum 31 & 31a view street, bendigo

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