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Unit 6/445 Grimshaw Street Bundoora VIC 3083

  • Shop & Retail
  • 1,282 m²
  • For Sale, Contact Agent

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

  • Investment offering circa 7% 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.

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

Property Highlights

Property ID2015885814
Floor Area1,282 m²
Land AreaAsk Agent
EnergyAsk Agent
ParkingOn site parking available
Building TypePartial building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  20 Feb 2020
Map for Unit 6/445 Grimshaw Street Bundoora VIC 3083
Map for Unit 6/445 Grimshaw Street Bundoora VIC 3083Unit 6/445 Grimshaw Street Bundoora VIC 3083
Knight Frank Eastern Office
Level 3, 10 Nexus Court Mulgrave VIC 3170

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

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Inspections are still happening

Contact Agent