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151 Don Street Bendigo, VIC 3550

Sold for $720,000 on 20 Mar 2025Floorplan
  • 7 Beds
  • 5 Baths
  • 7 Cars
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151 Don Street, Bendigo, VIC 3550

House in Bendigo

Prime Investment Opportunity: 7-Unit Complex with Value-Add Potential or Inner-City Conversion in the heart of Bendigo

  • 7 Beds
  • 5 Baths
  • 7 Cars

Exceptional Investment Opportunity at 151 Don Street, Bendigo

Presenting a rare seven-unit complex brimming with value-add potential, perfectly positioned in the heart of Bendigo. This property offers significant appeal for investors or developers looking to enhance or transform it. With a strategic layout and existing infrastructure, the complex presents a versatile canvas for upgrades that could yield strong rental returns or potential resale growth, making it an enticing prospect in today's market.

The complex currently generates a total income of $1,370 per week with individual rental incomes of:

  • Unit 1: $210 per week
  • Unit 2: $210 per week
  • Unit 3: $200 per week
  • Unit 4: $160 per week
  • Unit 5: $190 per week
  • Unit 6: $200 per week
  • Unit 7: $200 per week

This property offers immediate cash flow while presenting exciting value-add potential. Alternatively, this property can be reimagined into a Grand inner-city residence. With ample space and a prime location close to Bendigo's bustling CBD, this unique property can be transformed into an expansive and sophisticated single-family home.

Additionally, subject to council approval, the property presents potential for commercial use, such as, but not limited to, a medical practice, office business, or child care center-expanding the possibilities for future development and investment.

Don't miss out on this exceptional investment and development opportunity in the heart of Bendigo. To explore the full potential of 151 Don Street, contact Matt Connolly on (0419 369 844) or Liam Ryan on (0412 483 767) today. Secure your next strategic property move and make the most of Bendigo's vibrant real estate market!

Land:

1,245m² / 0.31 acres

Parking:

7 off street parks

Bedrooms:

7

Bathrooms:

5