The landmark property went under the hammer at Crown Casino on Wednesday, and the sale follows a campaign that saw more than 120 inquiries for the two-storey building, also home to the Millson Business Centre.

The $6.375 million price represents an impressive 5.05 per cent yield, with listing agent Matt Bowles from DCK Real Estate stating the result was further evidence of how resilient and buoyant the Bendigo property market remains.

"It's good to see the confidence in our CBD, with a variety of national and local tenants providing such a positive result for this sale," he said.

Property News: Bendigo council urged to approve hotel despite heritage demolition talk

The building was sold to a Melbourne buyer, with at least one local investor left to rue what might have been. The Bendigo offering was one of 26 properties sold by conjunctional agents Burgess Rawson, with more than $100 million of real estate changing hands on the day.

Burgess Rawson director Jamie Perlinger said investors were increasingly turning to regional opportunities as a result of the pandemic.

He said interest in the local market had been spurred on by the amount of investment and activity taking place in Bendigo, citing the Bendigo Bank headquarters, new law courts, GovHub and Bendigo TAFE works now underway as major factors for the local market, and anyone looking to invest in the city.

Other news: Offender admits to breaching order, sending abusive messages to ex-partner

"That confidence and belief in Bendigo is a major positive," Mr Perlinger said.

"People are looking for safety, and Bendigo is growing rapidly," he said.

He said the direct Qantas flights between Bendigo and Sydney also helped bring more investors eyes and interest to central Victoria.

Other news: Bendigo MP Lisa Chesters 'disappointed' by 2021-22 federal budget

"To have those flights out of Sydney just adds that little bit extra."

The Australia Post and Millson Business Centre building offers more than $2.5 million in recent improvements and a rare triple street frontage in the heart of the Bendigo CBD

The site offers a combined annual net rent of $321,199 plus GST, as well as a renewed five year lease to 2024 plus option to blue chip tenant Australia Post, which has been on-site for more than 25 years.

Love Thy Neighbour: Bendigo 2021 Good Neighbour Awards winners announced

The upstairs property is leased for five years to 2026, plus option to Millson Business Centre, providing short to long term leases for private office space, with more than 90 per cent occupancy.

The property sits on 1094 square metres of land, and includes 1222 square metres of space over two levels, plus a loading dock and eight off-street car parks.

SPORT: BFNL: Severe reprimand clears South Bendigo star to play against Storm

Among other properties to sell at Wednesday's investment portolio auction was the landmark Officeworks building in Albury.

The building reached $10.95 million, representing an impressive 4.79 per cent yield, in another result both Mr Bowles and Mr Perlinger said further reinforced the attraction of the regional commercial investment market.

The site includes a renewed lease to Officeworks until January 2027, plus options and offers its owners a strategic CBD gateway corner location for the border community surrounded by other national brands.

Our journalists work hard to provide local, up-to-date news to the community. This is how you can access our trusted content: