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151 Don Street,
Bendigo 3550, Victoria

7 bedrooms
5 bathrooms
7 car spaces
1,245m² land size
House

$720,000

Property details

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

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!

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

Due diligence checklist for home and residential property buyers.

Explore the area

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School catchments

  • Girton Grammar School - Junior School Combined Independent 0.11km
  • Girton Grammar School Combined Prep-12 Independent 0.35km
  • Creek Street Christian College Combined Prep-12 Independent 0.47km
  • Bendigo Primary School Primary Prep-6 Government 0.58km
  • Camp Hill Primary School Primary Prep-6 Government 1.0km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.

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