A rare commercial freehold site occupied by national retailer Officeworks is now up for grabs
A prime commercial property located in the heart of one of Victoria’s largest regional cities and underpinned by a net lease to retail heavyweight Officeworks has hit the market.
Located at 297–305 Hargreaves Street, Bendigo, the high-profile 2248sqm Commercial 1 Zoned site boasts three levels of retail accommodation, a gross lettable area of 3233sqm, and 25 undercover car spaces.
JLL’s Tom Noonan, Stuart Taylor and Dominic McGrath have been exclusively appointed to manage the sales process through an Expressions of Interest (EOI) campaign.
Mr Noonan said the property was exceptionally positioned for maximum exposure with dual frontages to Hargreaves Mall and Queen Street.
“The asset offers a rare opportunity to secure a blue-chip investment in the vibrant Bendigo CBD,” he said.
“This is an exceptional chance to secure a freestanding commercial investment in the heart of the city, with a secure net lease in place providing an estimated net income of $379,982 per annum. Opportunities of this scale and location rarely present to market.”
The site is ripe to capitalise on the high-growth region of Bendigo. With an estimated economic output of more than $22 billion, Bendigo is Victoria’s third largest urban economy with forecasts predicting a 33 per cent increase in population by 2046.
“Bendigo is a sought-after location for investors for a number of reasons but mostly because of its strong economy and employment-rich sectors such as manufacturing, healthcare, construction and education,” Mr McGrath said.
“This area has been underpinned by several large-scale developments including the nearby GovHub which is also in the CBD and employs more than 1000 staff, not to mention the recent $1.1 billion redevelopment of the Bendigo Hospital and the upcoming $54 million upgrade of the Bendigo Art Gallery.
“There is a lot of investment going into this region which makes it attractive to investors.
“Bendigo is a thriving and diverse regional city with plenty of growth predicted – and this property is perfectly positioned to capitalise on that.”
Officeworks Bendigo is being offered for sale via Expressions of Interest closing on Thursday, May 29th, 2025, at 3:00pm (AEST).
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