232-238 High StreetKangaroo Flat VIC 3555
Property Details for 232-238 High St, Kangaroo Flat
Last Listing description (July 2025)
An exceptional investment opportunity in the heart of Bendigo, Victoria-a vibrant city just 150 km (1.5-hour drive) from Melbourne CBD. Originally established during the Gold Rush, Bendigo is now a thriving destination for tourism and business.
Property Highlights:
• Prime Location: Situated in the centre of Bendigo, with easy access to shopping centres, major attractions, and public transport.
• Spacious Land & Facilities: Spanning 6,000 sqm with a 3,000 sqm building, featuring 32 rooms, a kitchen, restaurant, swimming pool, and an outdoor barbecue area.
• Ample Parking: Large parking lot suitable for cars and buses, enhancing guest convenience
• Stable Rental Income:
o Current annual rent: $185,000 per annum
o Long-term 23-year lease remaining
o 3.0% annual rent increment
• Development Potential: A large vacant area at the front allows for additional motel rooms or residential development (STCA).
• Secure Investment: Ideal for buyers seeking risk-free rental returns with a steady income from freehold ownership and flexible settlement options.
For further information or to arrange an inspection, please contact Sunny - 0433 168 822 or Nitin - 0416 417 297
Interested parties should conduct their due diligence before making any submissions. The given details are for general information only and do not constitute any representation on the part of the vendor or agent.
Property History for 232-238 High St, Kangaroo Flat, VIC 3555
- 14 Jul 2025Sold
- 22 Feb 2025Listed for Sale $3,900,000 - $4,200,000
- 19 Jun 2022Listed for Sale $3,800,000
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0About Kangaroo Flat 3555
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 6,382 properties. Over the last 5 years, Houses in Kangaroo Flat have seen a 61.60% increase in median value, while Units have seen a 50.57% increase. As at 30 November 2025:
- The median value for Houses in Kangaroo Flat is $604,460 while the median value for Units is $435,207.
- Houses have a median rent of $500 while Units have a median rent of $445.
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