SOLD
Sold on 07 Jun 2024 for $600,000

1/2 Enterprise Drive
Bundoora VIC 3083

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 135m2
Land area: 135m2
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Property Details for 1/2 Enterprise Dr, Bundoora

Building Type
Commercial
Year Built
2012
Floor Size
135m2
Land Size
135m2
Local Government
Whittlesea
Lot/Plan
1/PS604055

Last Listing description (January 2023)

Suite 1, 2 Enterprise Drive, Bundoora provides motivated investors with a great opportunity to purchase a premium office suite leased to long term tenant, The Australian Electoral Commission (AEC).

2 Enterprise Drive is a modern strata titled office building situated in the University Hill Business precinct. The building is perfectly located with direct access to Plenty Road, Northern Ring Road and all the facilities University Hill has to offer.


The building is within close proximity to the thriving town centre which includes shopping, restaurants, Coles Supermarket and postal facilities along with the Genesis Gym, Medical Centre and Quest Serviced Apartments.

- Leased to the Australian Electoral Commission
- Current rent $45,540 (@ 01/11/15) net pa + GST + outgoings
- Lease expiry 30th October 2016
- Internal kitchenette
- Air-conditioning/Heating
- 5 car spaces on title
- Ground floor corner office
- Potential for longer term occupation
- The office suite also provides an owner occupier with the potential to occupy the office should the AEC not take up any of their options

Limited investment opportunities are available in this increasingly popular precinct and when they do become available, they are quickly snapped up by the astute investor.

For further information or to arrange and inspection, please contact the below agents.

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Property History for 1/2 Enterprise Dr, Bundoora, VIC 3083

A timeline of how this property has performed in the market
Last Sold
$600,000
07 Jun 2024
Listed for Rent
$767/w
18 Jun 2021
  • 07 Jun 2024
    Sold for $600,000
  • 18 Feb 2021
    Listed for Rent $40,000 / year
  • 30 Jul 2018
    Sold for $675,000
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About Bundoora 3083

The size of Bundoora is approximately 17.3 square kilometres. It has 85 parks covering nearly 31.6% of total area. The population of Bundoora in 2011 was 25,709 people. By 2016 the population was 28,648 showing a population growth of 11.4% in the area during that time. The predominant age group in Bundoora is 20-29 years. Households in Bundoora are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bundoora work in a professional occupation. In 2011, 75.6% of the homes in Bundoora were owner-occupied compared with 68.9% in 2016.

Bundoora has 13,892 properties. Over the last 5 years, Houses in Bundoora have seen a 17.65% increase in median value, while Units have seen a 24.15% increase. As at 31 October 2024:

  • The median value for Houses in Bundoora is $875,351 while the median value for Units is $512,547.
  • Houses have a median rent of $570 while Units have a median rent of $480.
There are currently 86 properties listed for sale, and 35 properties listed for rent in Bundoora on OnTheHouse. According to CoreLogic's data, 507 properties were sold in the past 12 months in Bundoora.

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