3/1320 Plenty Road,
Bundoora, VIC 3083
Shops & Retail • Offices • Medical & Consulting
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Map of 3/1320 Plenty Road
Affordable Main Road Investment With New 3 + 3 + 3 Year Lease
The Property
* 95 sqm office/shop/showroom with an additional 9 sqm balcony
* Direct Plenty Road frontage
* Floorboards and ducted air conditioning throughout the tenancy
* Light and bright, bathed in natural light
* Internal kitchenette and bathroom
* Regular shape
* Broad Commercial 1 zoning
* 2 designated car parks under the building
* 3 levels of apartments directly above
The Investment
* Leased to "The Compassion Hub" - a yoga and meditation studio
* The property is returning $26,000 per annum
* Rent increases to $27,040 per annum on 19/04/24
* Outgoings are paid by the tenant
* New 3 + 3 + 3 year lease from 19/04/23
* Prime Plenty Road position, opposite the thriving "Bundoora Square Shopping Centre"
* A 4% increase in April 2024 boosts the rental return to $27,040 per annum net
* Low rental rate for the quality
The Location and Further Info
* Prime Plenty Road position
* Directly beside Hocking Stuart Real Estate and the State MP
* A few doors away from Aldi
* Opposite the thriving Bundoora Square Shopping Centre
* Surrounded by easy street parking
* Just off the Metropolitan Ring Road interchange, and opposite tram route 86 into the CBD and northern suburbs
This property was listed with Modo's FREE Marketing Package featuring a virtual tour, photos, floor plan, online listings, and more.
* 95 sqm office/shop/showroom with an additional 9 sqm balcony
* Direct Plenty Road frontage
* Floorboards and ducted air conditioning throughout the tenancy
* Light and bright, bathed in natural light
* Internal kitchenette and bathroom
* Regular shape
* Broad Commercial 1 zoning
* 2 designated car parks under the building
* 3 levels of apartments directly above
The Investment
* Leased to "The Compassion Hub" - a yoga and meditation studio
* The property is returning $26,000 per annum
* Rent increases to $27,040 per annum on 19/04/24
* Outgoings are paid by the tenant
* New 3 + 3 + 3 year lease from 19/04/23
* Prime Plenty Road position, opposite the thriving "Bundoora Square Shopping Centre"
* A 4% increase in April 2024 boosts the rental return to $27,040 per annum net
* Low rental rate for the quality
The Location and Further Info
* Prime Plenty Road position
* Directly beside Hocking Stuart Real Estate and the State MP
* A few doors away from Aldi
* Opposite the thriving Bundoora Square Shopping Centre
* Surrounded by easy street parking
* Just off the Metropolitan Ring Road interchange, and opposite tram route 86 into the CBD and northern suburbs
This property was listed with Modo's FREE Marketing Package featuring a virtual tour, photos, floor plan, online listings, and more.
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Property ID: 504466580Last Updated: 31 May 2024
3/1320 Plenty Road
Bundoora, VIC 3083
Modo PropertySuite 6, 609 Canterbury Road
SURREY HILLS, VIC 3127
SURREY HILLS, VIC 3127
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