The Property
* 95 sqm office/shop/showroom with an additional 9 sqm balcony
* Direct Plenty Road frontage
* Floorboards and ducted air conditioning throughout the tenancy
* Light and bright, bathed in natural light
* Internal kitchenette and bathroom
* Regular shape
* Broad Commercial 1 zoning
* 2 designated car parks under the building
* 3 levels of apartments directly above
The Investment
* Leased to "The Compassion Hub" - a yoga and meditation studio
* The property is returning $26,000 per annum
* Rent increases to $27,040 per annum on 19/04/24
* Outgoings are paid by the tenant
* New 3 + 3 + 3 year lease from 19/04/23
* Prime Plenty Road position, opposite the thriving "Bundoora Square Shopping Centre"
* A 4% increase in April 2024 boosts the rental return to $27,040 per annum net
* Low rental rate for the quality
The Location and Further Info
* Prime Plenty Road position
* Directly beside Hocking Stuart Real Estate and the State MP
* A few doors away from Aldi
* Opposite the thriving Bundoora Square Shopping Centre
* Surrounded by easy street parking
* Just off the Metropolitan Ring Road interchange, and opposite tram route 86 into the CBD and northern suburbs
This property was listed with Modo's FREE Marketing Package featuring a virtual tour, photos, floor plan, online listings, and more.
