24, 240 Plenty Road, Bundoora, VIC 3083

Investment | Other

Sold $1,090,000

  • Property ID: 220925
  • Floor Area: 277m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Building Area Sold 11/12/2018 277m2 N/A $955,000
Modern University Hill Office Investment- Circa 6.0%

High quality light-filled corner office suite situated on the third floor of this modern architecturally designed building located in the highly sought after master-planned University Hill precinct. Offering a return circa 6.0%.
The property has recently been leased to the Burgess Group. The Burgess Group is a fifth generation family business. Through more recent generations the family business successfully diversified its interests into other areas including Agriculture, Printing and Packaging and Property. This strong local company has just relocated its head office to Bundoora.


- Lease commencing 25th August 2017
- Current rental $67,275.00 per annum + GST
- Tenant pays outgoings
- Fully fitted office suit of 277m2*
- 5 separate offices
- Board room
- Large open plan office area
- Suspended ceilings with recessed lighting
- Reverse cycle air conditioning
- Own kitchenette
- 9 car spaces

The adjacent vibrant 7-day cosmopolitan shopping precinct is reminiscent of Melbourne's most famous shopping streets, with tree-lined walkways, cafés, restaurants and speciality retail choices - now including over 100 brands in the Uni Hill Factory Outlets centre. Complementing this are Coles, car dealerships including BMW and Honda, as well as many other national and international brand names.

The University Hill Town Centre offers an array of food choices - from fresh baked bread and pastries to delicious Deli morsels.

Inspect and submit your offer today.

* approx.

Additional Information
Features
  • Zoning: Special Use Zone - Schedule 3
  • Lease Term: 2+1+1
  • Rent Review: Annually 3.5%, Market at option.
  • Car Spaces: 9 (2 secured and 7 open air)
  • Condition: Near New
  • Air Conditioning: Ducted
  • Roller Doors: N/A
  • Floors: Carpeted
  • Lifts: Yes
  • Age: 3 year*
Outgoings
  • Water Rates: $1,200
  • Land Tax: $1,03.6.11
  • Council Rates: $5,400
  • Owners Corp. / Insurance: $16,800
Bundoora Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail --- $488 ---
Industrial --- $128 ---
Offices $4355 $497 11.42%
This is the average advertised price, rent and yield for Bundoora, VIC 3083*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Parking - Commercial and private parking spaces available within 500 metres of 24, 240 Plenty Road, Bundoora, VIC 3083. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • Nearby Cafes - Number of cafes located within 500 metres of 24, 240 Plenty Road, Bundoora, VIC 3083. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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