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Sold on 23 Jun 2015

19-21 Copernicus Crescent Bundoora VIC 3083

  • Offices
  • 650 m²
  • Sold


Knight Frank is extremely excited to be offering this exceptional investment opportunity to the market for Deadline Private Sale Closing Thursday 18th June at 4pm (If not sold prior)

This fantastic opportunity exists for an astute investor to purchase a soon to be completed brand new building securely leased to The Australian Red Cross Blood Service.

The property is located within the Polaris Estate approx. 14 km north of Melbourne's CBD and within the increasingly high growth area of the northern corridor. Polaris is a master planned mixed use estate consisting of a retail town centre, anchored by Woolworths and Dan Murphy's along with cafes, restaurants and speciality shops. The estate also includes homes, townhouses, apartments, medical, childcare and community services.

Construction of the building will commence shortly, with completion due in January 2016, the building is being offered for sale with:

- 10 + 5 + 5 Year Lease to The Australian Red Cross (Lease commencing Jan 16')
- Net rental of $270,000 per annum plus Outgoings and GST
- Fixed 3% annual rent increases
- Building Area: 650 sqm approx.
- Annual tax depreciation benefits
- Enormous stamp Duty savings (due to off the plan purchase)
- To be sold as a Going Concern

Purchase now with a 10% and don't settle until completion of the building (estimated to be January 2016).

For further information please contact either Tim Grant or James Treloar.

Property Highlights

Property ID2012001775
Date Sold23 Jun 2015
Floor Area650 m²
Land Area849 m²
ParkingAsk Agent
Last updated  5 May 2017
Map for 19-21 Copernicus Crescent Bundoora VIC 3083
Map for 19-21 Copernicus Crescent Bundoora VIC 308319-21 Copernicus Crescent Bundoora VIC 3083
Knight Frank Eastern Office
Level 3, 10 Nexus Court Mulgrave VIC 3170

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