23-25 Clements Avenue Bundoora VIC 3083

SOLD by Miles Real Estate
A rare opportunity in the tightly held Bundoora Industrial Estate to secure the perfect investment for your long-term portfolio. Currently leased to Body Fit Training Bundoora this property offers an investor the following;
- Building area: 550 sq. metres (approx)
- Land area: 1389 sq. metres (approx)
- Zoned Industrial 3
- Secure yard with substantial onsite parking for clients/customers (10 onsite car spaces)
- 4.7 metre clearance within warehouse
- Five (5) year lease from 1 November 2018 plus one further term of five (5) years.
- Passing rent of $61,800 per annum as of November 2019 with Fixed annual increases.
- Long term hold with opportunity to possibly improve on the existing site in the future.
- Conveniently located just off Grimshaw Street with the proposed North East Link to further improve access to the property and access to Melbourne's arterial roads
- Surrounding occupancies include Northern Motor Group, Watson Holden, Bayford Ford plus other notable occupancies.

Terms: 10 % Deposit. Balance 30/60/90 Days