56 & 56A Vine Street, Bendigo
Approx. 1,080sqm | Three titles offered in one line | $1,750,000 | No GST
Central Bendigo development opportunities need to make commercial sense before they make marketing sense.
56 & 56A Vine Street comprises approximately 1,080 sqm of Commercial 1 Zone land, together with approximately 180 sqm of carriageway access, positioned around 1km from the Bendigo CBD.
Importantly, the former Heritage Overlay affecting the subject site has been removed following Planning Scheme Amendment C270gben, gazetted on 28 May 2026. Current planning information records no Heritage Overlay affecting either 56 or 56A Vine Street.
For developers, the planning position is now far clearer. The site is already zoned Commercial 1, and the former Heritage Overlay has been removed. This removes two major planning constraints from the feasibility process, while any future development remains subject to the usual Council and statutory approvals.
The property comprises three freehold titles, offered for sale together as a single line. The titles should be assessed as a single development holding rather than three independent acquisition opportunities, with the rear lot at 56A relying upon the shared carriageway for access.
Importantly, the existing improvements provide more than residual building value. They offer genuine scope for occupation, renovation and future income generation while a purchaser considers the longer-term development potential of the site.
56 Vine Street comprises an existing brick building of approximately 140sqm, currently configured with four offices, reception area, meeting room, kitchen and bathroom facilities. Externally, the property provides one covered carport together with space for approximately two additional vehicles to park off-street.
The 56 Vine Street component is currently fenced separately from 56A, creating a clear physical separation between the two existing improvements.
56A Vine Street comprises an approximately 170sqm shed/warehouse, including one office and WC facilities. The existing separation between 56 and 56A supports the potential for separate occupation or leasing of the two improvements, while the broader property remains offered as a single development holding.
Subject to applicable planning, building and statutory approvals, 56 Vine Street may suit continued professional or commercial use, renovation and reletting, or investigation for alternative uses such as short-term furnished accommodation. Its central position, approximately 1km from the Bendigo CBD and within close proximity to Bendigo Railway Station and Bendigo Health, provides further flexibility in how the existing building could be repositioned.
Together, the existing improvements provide a purchaser with the ability to consider two separate income streams, owner-occupation, alternative uses or a holding-income strategy while planning and design work for the broader site is progressed.
Key acquisition details include:
Approximately 1,080sqm Commercial 1 Zone combined land area
No Heritage Overlay currently affecting 56 or 56A Vine Street
Three freehold titles offered together in one line
3.05-metre-wide carriageway easement affecting all three titles
Existing brick building at 56 Vine Street of approximately 141sqm
56 Vine Street, currently configured with four offices, reception area, meeting room, kitchen and bathroom facilities
One covered carport plus space for approximately two additional vehicles off-street at 56 Vine Street
56 Vine Street, currently fenced separately from 56A
Existing shed/warehouse at 56A Vine Street of approximately 170sqm, including one office and WC facilities
Scope to renovate and reposition the existing improvements for separate commercial occupation or leasing
Potential alternative use of 56 Vine Street, including short-term furnished accommodation, subject to applicable planning, building and statutory approvals
Existing improvements provide potential occupation and holding-income opportunities while longer-term development plans are progressed
Vacant possession at settlement, with existing renters to vacate
Approximately 1km from the Bendigo CBD, 1.4km from Bendigo Railway Station and 2km from Bendigo Health
Private Sale — $1,750,000 - No GST on sale
For developers, commercial builders, investors and professional owner-occupiers, the offer is straightforward: central Commercial 1 Zone land, existing improvements capable of providing value during the holding period, the access position disclosed from day one, vacant possession available, the former heritage constraint removed and a defined acquisition price.
For SMSF purchasers from 10 August 2026, new SMSF limited recourse borrowing arrangements for real property are restricted to assets that qualify as "business real property" under the Superannuation Industry (Supervision) Act 1993.
With existing office and warehouse improvements and scope for commercial occupation, 56 & 56A Vine Street may warrant consideration by SMSF investors seeking business real property. Commercial 1 zoning does not itself establish SMSF or LRBA eligibility; interested parties should obtain specialist advice regarding the property's actual use, three-title structure, LRBA requirements and lender criteria.
Disclaimer: All information provided in relation to 56 & 56A Vine Street, Bendigo has been prepared for general information purposes only and is subject to verification. Land areas, building areas, dimensions, distances and other measurements are approximate. Information relating to zoning, planning controls, Heritage Overlay removal, easements, access arrangements, potential uses, development potential and existing improvements has been obtained from sources believed to be reliable; however, prospective purchasers must undertake their own enquiries and obtain independent legal, planning, building, financial and taxation advice before making any decision. Any future use or development is subjec
