9, 445 Grimshaw Street, Bundoora, VIC 3083

Medical | Showrooms | Retail

For Sale

Expressions Of Interest

  • Property ID: 447802
  • Floor Area: 237m²
  • Occupancy: Tenanted
A MEDICAL TENANT: AN INVESTORS PICTURE OF HEALTH.

POINT OF INTEREST

Available for Sale - Offers Under Review

Smooth check-ups can give you a new lease on life, but this lease has already been treated as the healthiest investment you’ll make this financial year. Advance Healthcare Bundoora specialize in physiotherapy, pain management, and psychology, and have been practicing here for over 7 years in total. Their current agreement has been in place since the 1st of September 2023 for a five year term returning $81,814.87 per annum plus outgoings & GST. The profile corner 237sqm* showroom and first-floor office of 36sqm are beautifully suited to any service tenant, but it particularly serves this corner of Grimshaw Street, where commuters see this building as the poster child for the block. Regardless of the high-performing tenant, the future here is in your hands, as any kind of medical, retailer or showroom occupier would thrive amongst similar neighbours and sitting so close to Metropolitan Ring Road and the Greensborough Highway.

- Tenant: Advance Healthcare Group Pty Ltd, trading as Advance Healthcare.
- Rental: $81,814.87 per annum plus outgoings & GST.
- Lease term: Five (5) years from 1st September 2023.
- 237 sqm* showroom with additional first-floor office / mezzanine of 36sqm*.
- Corner position with high exposure to Grimshaw Street.
- 2.7 km* to Metropolitan Ring Road.
- 1.8 km* to Greensborough Highway.

POINT OF VIEW:

They say that health is wealth, and here, the corner position amongst a busy neighbourhood service district will ensure your investment sees the cleanest bills stacked onto your portfolio for years to come.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: Negotiable
  • Lease Term: Five ( 5 ) years
  • Rent Review: 2% or CPI whichever is greater p.a
  • Car Spaces: Onsite
  • Condition: Excellent
  • Floors: Carpet
  • Lifts: N/A
  • Car Parking Fees: Nil
Outgoings
  • Water Rates: $2,000.00
  • Land Tax: $975.00
  • Council Rates: $2,300.00
  • Owners Corp. / Insurance: $3,800.00
  • Other Charges: TBC
Bundoora Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $120 ---
Retail $5464 --- ---
Offices $4355 $497 11.42%
This is the average advertised price, rent and yield for Bundoora, VIC 3083*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
Floorplans

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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