Blue Chip Investment With Upside

Retail Offices 

– Large freehold title
– Rare investment opportunity
– Currently returning $481,161.97 pa
– 521sqm of Remaining space to be tenanted to increase yield
– 100 Car spaces on title
– Large security deposit in place
– Located in University Hill Estate
– Situated on the corner of Scholar Drive & Janefield Drive
– Short distance to Metropolitan Ring Road & Greensborough Bypass
– 1km to RMIT Bundoora
– Nestled in the heart of Bundoora
– Surrounding businesses include BMW, Honda, Coles & Quest Apartments
– Building area 2,605sqm
– Land area 3,855sqm

Tenancy Details:
– Bundoora Gym Pty Ltd Trading As Genesis Health & Fitness:
– Returning $443,988.81 pa + GST + Outgoings
– Terms 5 x 5 x 5 commenced 19/06/2015
– CPI annual increases

Mini Me Mango Cafe:
– Returning $37,172.16 pa + GST + Ougoings
– Terms 5 x 5 x 5 commenced 07/07/2017
– 4% annual increases

Vacant area’s of 376m2 & 145m2 to be leased.
Current m2 rates for the existing tenancies are $238m2 (Cafe) $245m2 (Genesis Gym)