916 Wellington Street
Strathfieldsaye, VIC 3551

This property at 916 Wellington Street, Strathfieldsaye, offers a strategic 2,034 square meter site located in a Mixed Use Zone, presenting excellent opportunities for commercial and/or residential development. The site is positioned in one of Bendigo's most desirable and rapidly growing suburbs, known for its strong community spirit, ongoing residential construction, and significant infrastructure investments, all contributing to the area's promising future.

Strathfieldsaye is forecasted to experience a population growth of approximately 10,000 additional residents by 2046, indicating a major transformation and expansion of the township. The suburb's amenity and commercial appeal are set to be enhanced with the proposed addition of a second supermarket and four specialty retailers, complementing the existing IGA, shopping facilities, and the Town Centre gathering and event space.

Located opposite this vibrant commercial hub, 916 Wellington Street holds an expired planning permit that previously allowed for a 5-lot subdivision, construction of four dwellings, removal of native vegetation, and alteration of access to a Transport 2 road. While this permit has expired, it demonstrates the site's versatility and potential, subject to new council approval.

Potential development options include demolishing the existing structures to make way for a purpose-built commercial premises featuring nine parking spaces. Alternatively, plans exist to retain the existing 1980s brick veneer residence, allowing for renovation and façade updates suitable for either commercial use or as a residential home.

The neighboring commercial premises provide a visual example of what 916 Wellington Street could become, showcasing a modern, high-visibility frontage with strong access, attractive architecture, quality landscaping, and prominent professional signage. The proposed four dwellings at the rear of the site would offer highly sought-after living options, appealing to both owner-occupiers and investors.

This property represents a rare opportunity to secure a strategic site within Strathfieldsaye's growth corridor, ideally positioned to benefit from the suburb's next phase of expansion and development.

The Mixed Use zoning allows for a wide range of diverse opportunities and potential uses, including general residential development, allied health or medical facilities, automotive retail or complementary businesses, self-storage facilities or warehousing, purpose-built secure facilities, retail or fast food outlets, and childcare or early childhood education centers such as swim schools. Most proposed uses will require a planning permit.

For those interested, a copy of the due diligence checklist is available at the Victorian Government's consumer website, providing guidance on the necessary considerations when purchasing property.