Prime retail asset in central Bendigo changes hands for the first time in over 100 years

Growing trend of increased investment activity in regional Victoria as metropolitan investors seek higher returns and diversification beyond major urban areas.

Colliers is delighted to announce the successful sale of a prime retail investment located in the vibrant heart of Bendigo’s retail district, which will change hands for the first time in over a century.

The building totals 2,595sqm and has thirteen fully leased tenancies. It represents a significant investment opportunity in one of Victoria’s most dynamic regional centres. The asset benefits from a diverse tenant mix, including national retailers such as Gazman and Sportspower and a range of local businesses providing various retail services. This diversity offers a stable and reliable income stream, making it a highly attractive investment.

Travis Hurst, Colliers Managing Director Bendigo, commented, “We anticipated strong interest in this property due to its diversified income profile and potential for long-term capital growth. Its strong yield and the opportunity for future rent enhancements make it a valuable addition to any investment portfolio.”

A Melbourne-based high-net-worth investor secured the high-profile retail opportunity. The successful sale reflects a growing trend of increased investment in regional Victoria as investors seek higher returns and diversification beyond major urban areas.

Mr Hurst added, “Investors are increasingly drawn to regional hubs like Bendigo for their superior value and higher yields. The region’s steady population growth and competitive property prices continue to make it an attractive investment destination.”

Adele Foott, Colliers Executive, noted the campaign’s success, stating, “We saw significant interest and received competitive offers, highlighting the strong demand for well-located, fully leased commercial properties. With over 100 interested parties and multiple offers, the result demonstrates the confidence in regional investment opportunities.”

The property’s prime location is enhanced by its proximity to major landmarks, including the Bendigo & Adelaide Bank Headquarters, Bath Lane retail precinct, Alexandra Fountain, and Hargreaves Mall. It is also well-served by public transport routes and major arterial roads, providing excellent visibility and accessibility.