Unit 6/445 Grimshaw Street Bundoora VIC 3083

Shop & Retail
1,282 m²
Sold

High yielding investment, securely leased to government tenant - Australia Post

Investment offering circa 6.25% return
Net rental of $124,533 p.a*
Tenant in occupation for over 25 years

Knight Frank is pleased to offer for sale this outstanding investment opportunity. Located within a busy mixed-use strata development, the property is securely leased to a government tenant, Australia Post. The property is currently utilized as a mail center, that services the Banyule municipality and surrounding areas.

Key benefits of this property include:
Current net rental of $124,533 per annum plus GST
Strong Government lease covenant to Australia Post
Development potential (STCA)
Building Area: 1,282 sqm (approx.)
Situated in a high-profile main road location
Ample on-site car parking

Situated on Grimshaw Street between Plenty and Greensborough Road the property is surrounded by a mixture of Retail, Light Industrial and Residential properties. Given the properties location, it enjoys excellent surrounding amenity and benefits from bus services along Grimshaw Street, providing connectivity to Greensborough and Watsonia Train Stations.

For further information or to arrange an inspection, please contact one of the listed agents below.

Knight Frank Eastern Office

Level 3, 10 Nexus Court

Mulgrave, VIC 3170

Property Highlights

Date Sold	2 Jun 2021
Floor Area	1,282 m²
Land Area	Ask Agent
Energy	Ask Agent
Parking	On site parking available
Property ID	2015885814
Category	Shop & Retail Offices Showrooms / Bulky Goods
Last updated	3 Jun 2021

Map for Unit 6/445 Grimshaw Street Bundoora VIC 3083

Nearest transport* to Unit 6/445 Grimshaw Street Bundoora VIC 3083

Bus

Train

Tram

Andrew Pl/Grimshaw St (Bundoora)	90 m
Andrew Pl/Grimshaw St (Bundoora)	141 m
Glenara Ct/Grimshaw St (Bundoora)	159 m
The Concord/Grimshaw St (Bundoora)	263 m

*Within a 4km radius

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Knight Frank Eastern Office

Level 3, 10 Nexus Court

Mulgrave, VIC 3170

Property Highlights

Date Sold	2 Jun 2021
Floor Area	1,282 m²
Land Area	Ask Agent
Energy	Ask Agent
Parking	On site parking available
Property ID	2015885814
Category	Shop & Retail Offices Showrooms / Bulky Goods
Last updated	3 Jun 2021

Listed by

Paul Lillis

Knight Frank Eastern Office

Call

+61402 381 399

More about Unit 6/445 Grimshaw Street Bundoora VIC 3083

Unit 6/445 Grimshaw Street Bundoora VIC 3083 is categorized as Shop & Retail Property. It has a floor area of 1,282 m². The listing ID for this property is 2015885814.