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3/1320 Plenty Road
Bundoora VIC 3083
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Sold on 26 Apr 2024

3/1320 Plenty Road Bundoora VIC 3083

  • Shop & Retail
  • 95 m²
  • Sold

Affordable Main Road Investment With New 3 + 3 + 3 Year Lease

    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.

    Modo Property (VIC)
    Modo Property (VIC)
    Suite 6, 609 Canterbury Road
    Surrey Hills, VIC 3127

    Property Highlights

    Date Sold26 Apr 2024
    Floor Area95 m²
    Land AreaAsk Agent
    Energy0-star NABERS Energy rating
    Parking2 x Onsite parkings
    Property ID2018905954
    Category
    Last updated  31 May 2024
    Map for 3/1320 Plenty Road Bundoora VIC 3083
    Modo Property (VIC)
    Modo Property (VIC)
    Suite 6, 609 Canterbury Road
    Surrey Hills, VIC 3127

    Property Highlights

    Date Sold26 Apr 2024
    Floor Area95 m²
    Land AreaAsk Agent
    Energy0-star NABERS Energy rating
    Parking2 x Onsite parkings
    Property ID2018905954
    Category
    Last updated  31 May 2024

    Co-Agents

    More about 3/1320 Plenty Road Bundoora VIC 3083

    3/1320 Plenty Road Bundoora VIC 3083 is categorized as Shop & Retail Property. It has a floor area of 95 m². There are 2 x onsite parkings.The listing ID for this property is 2018905954.

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