This is a rare opportunity to purchase in excess of 1,500m2 of prime Commercial 1 land right in the middle of the busy Kangaroo Flat shopping centre. All shops currently let to 5 separate tenants. The property has 2 street frontages and is situated on 3 titles. This site features a substantial amount of vacant land ripe for future development (STCA). The development potential may include rebuilding and/or extending the existing shops. There is also room for a retail or office development at the rear fronting Smith Street or a combination including residential development is a possibility, naturally all subject to council approval. Kangaroo Flat is an extremely well serviced location with High Street having the highest traffic flow in the City of Greater Bendigo. Commercially many national tenants are within a 1km radius. This site has buses passing the front door, is within walking distance to the Kangaroo Flat Train Station and has a Primary School at the end of Smith Street. This is a magnificent investment opportunity in a prominent location.
(Note: building size quoted is an estimate only).
The size of Kangaroo Flat is approximately 18.4 square kilometres. It has 27 parks covering nearly 40.1% of total area. The population of Kangaroo Flat in 2016 was 10394 people. By 2021 the population was 11328 showing a population growth of 9.0% in the area during that time. The predominant age group in Kangaroo Flat is 60-69 years. Households in Kangaroo Flat are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kangaroo Flat work in a labourer occupation.In 2021, 69.00% of the homes in Kangaroo Flat were owner-occupied compared with 67.40% in 2016.
Kangaroo Flat has 6,379 properties. Over the last 5 years, Houses in Kangaroo Flat have seen a 54.30% increase in median value, while Units have seen a 51.69% increase. As at 28 February 2026:
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