478 Grimshaw Street Bundoora VIC 3083

Knight Frank is pleased to offer for sale this securely leased children's paediatric clinic prominently located at 478 Grimshaw Street, Bundoora.

The property has been fully refurbished to the highest standards and is leased to Dr Luke Sammartino who is one of Melbourne's leading and busiest paediatricians with more than 20 years experience.

Contained within one Certificate of Title, the land comprises an area of 560sqm and is zoned General residential - Schedule 1.

Key selling features for the property are as follows:

- 5+5+5+5 year lease
- Lease commencement 1st July 2015
- Current net rental of $70,000 per annum plus GST and outgoings
- Annual rental increases by CPI
- Secure three (3) month bank guarantee
- Further information on the tenant can be viewed at www.drluke.com.au

Should you wish to arrange an inspection or require a copy of the Contract of Sale, please contact Tim Grant and Matt Romanin.