26 The Concord Bundoora VIC 3083

Commercial Opportunity Not To Be Missed!

**Due to Covid 19 restrictions, all inspections must be pre-booked**

This rare Bundoora commercial property offers the astute investor a fantastic opportunity in the heart of Bundoora, in one of the most highly sought after commercial estates in the area.

This is the first time being offered in 20+ years with the property showcasing a corner block providing ample opportunity for further development (STCA) or simply leave it as is and let your portfolio reap the reward of a great return.

Currently leased to local collision repairer on a 5 x 3 lease (tenant is currently 3 years into the initial lease and has the option to renew from 04/06/2023) with CPI increase to take place. The return is $46,908 inc GST per annum with the tenant also paying the outgoings.

Price range: $890,000 - $950,000

Features:
- Land area 775sqm approx
- Return is $46,908pa (inc GST)
- Ample parking and crossovers to access the property
- Solar panels on the roof
- Anchored by other numerous reputable mechanics, auto works, panel beaters and car dealerships.