19 Enterprise Dr 3,552 SF Office Condo Unit Offered at $827,917 CAD in Bundoora, VIC 3083

The property is a 330 square meter office suite located at 15/19 Enterprise Drive, Bundoora, Victoria. It includes multiple internal offices and boardrooms, a kitchenette, and climate control systems. The suite has been recently painted and fitted with new carpet. There are ten titled on-site car parking spaces allocated to the property. The site is positioned within the Bundoora commercial and retail precinct and is near the University Hill retail area. Access to major roads includes the Metropolitan Ring Road (M80) and Plenty Road. The property is under lease commencing September 15, 2024, with an initial four-year term and three additional three-year options. The tenant is responsible for all outgoings, and the lease includes a 4% annual increase.

This outstanding investment in the heart of Bundoora’s bustling commercial corridor offers secure income and long-term upside. Spanning approximately 330 square meters, the recently refreshed office space features a professional layout with multiple offices, dedicated boardrooms, a fully appointed kitchenette, and reverse-cycle heating and cooling. Included within the title are 10 car parking bays, a rare advantage in this tightly held area.

The property is anchored by a new four-year lease commencing September 2024, delivering $46,332 per annum plus GST with the tenant responsible for all outgoings. Built-in 4% annual rental increases and three additional 3-year renewal options ensure predictable income growth and stability, making this an attractive asset for discerning investors.

Perfectly positioned near Uni Hill’s vibrant retail and dining precinct and minutes from the M80 Ring Road and Plenty Road, this location provides strong connectivity and enduring demand. With modern upgrades and secure tenancy in place, this is a unique chance to secure a high-performing property poised for consistent returns.