10 Atkins Street, North Bendigo, Vic 3550

Colliers is pleased to present 10 Atkins Street, North Bendigo For Sale via International Expressions of Interest closing Friday 1 November 2024 at 2pm (AEDT).

Purpose built to accommodate the essential workers of the Bendigo Hospital – Victoria’s largest Regional Hospital, 10 Atkins Street, North Bendigo is a well presented 120  apartment residential village wholly leased to Bendigo Health Care Group until March 2044 (19.46 years lease term certain).

10 Atkins Street, North Bendigo is strategically located within 500 metres* of Bendigo Hospital which is not just the main Public Hospital for Bendigo -  Victorias’ third largest regional town but also the main healthcare asset for the Lodden Malle Region which includes Mildura, Echuca, Swan Hill, Kyneton, and Castlemaine. 

This is a compelling investment opportunity, one that has Indexed Government Bond Like security, with exposure to the most sought after real estate sectors being Australian Residential and Healthcare in one of Victoria’s fastest growing regional cities. 

Key Investment Highlights:

Long Term Triple Net Lease - The property is subject to a triple net lease until March 2044, providing a WALE of 19.46 years.  All costs associated with building maintenance and capital expenditure are borne by the Tenant coupled with fixed ratcheted annual CPI increases creates certainty of cash flow growth. 

Indexed Government Bond Like Covenant - Bendigo Health Care Group (BHCG) is a State Government Entity operating the public sector functions of the Bendigo Hospital – which is the largest regional hospital in Victoria. This reflects a highly regarded government lease covenant.  

Regional Powerhouse Growth Location - Unrivalled opportunity to have exposure to Victoria’s largest regional hospital underpinned by both demographic and sociographic growth. 

Tailwind Sector Exposure - The asset provides the unique opportunity to have exposure to both healthcare and residential sectors. Both of which are experiencing unprecedented tailwinds due to the ageing and growing population in Australia.   

Variety of Alternative Uses/Exit Strategies - The asset allows for alternative exit strategies upon a potential lease expiry including pure residential. The availability of adjacent land also allows for future expansion of the current operation especially as regional health care accommodation demand increases. 

For further information, please contact the exclusive selling agents at Colliers:

Thomas Blencowe: 0401 197 122
Ian Sanders: 0402 893 070
Rob Joyes: 0418 350 545
Rober Papaleo: 0402 678 888
Travis Hurst: 0423 388 9328