We could soon witness the region’s biggest-ever property sale.
The building which houses Bendigo Bank’s national headquarters is now available for purchase, after being listed by commercial real estate vendors Colliers.
According to their listing, the sale comprises both the Fountain Court building and the newer structure known as Bendigo Central.
This marks the first time that latter building has been placed on the market since its opening in 2008.
Among the features highlighted by agents are the precinct’s multiple street frontages, 168 on-site parking bays and sub-division potential – subject to council approval.
A Trust currently owns the building, having taken control around the time construction of Bendigo Central was completed.
Interest from potential buyers has apparently proven quite strong already, with other media outlets reporting that the property could sell for as much as $80 million.
Bendigo Bank is one of several on-site tenants, and recently announced through a media release that it had renewed its lease for another ten years.
That same release also confirmed that its Bendigo Central branch on Bath Lane – located within the precinct – would close in August and be “consolidated” with its nearby branch on Mitchell Street.
The company was sent questions regarding the sale of its Bendigo Central building and the closure of its Bath Lane branch Gold Central Victoria, to which it received the following response.
“Bendigo Bank remains committed to the Bendigo and District region, as demonstrated by its $1.2 million investment in the refurbishment of local branches and the commencement of a new 10-year lease on the Bendigo Centre,” the statement reads.
“The decision to consolidate the Bendigo Central and Mitchell Street branches has been driven by the evolving needs of our customers who are choosing to Bank with us in ways that are convenient to them.
“The Bank invites impacted customers to continue face-to-face banking with us at the Mitchell St branch, located just 350 [metres] from Bendigo Central.”
If you’ve got a cool $80 million lying around, Expressions of Interest for Bendigo Central and Fountain Court close on July 29th.
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