SOLD
Sold on 31 May 2024 for $367,000

14/2 Enterprise Drive
Bundoora VIC 3083

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 63m2
Land area: 63m2
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Property Details for 14/2 Enterprise Dr, Bundoora

Building Type
Commercial
Year Built
2012
Floor Size
63m2
Land Size
63m2
Local Government
Whittlesea
Lot/Plan
14/PS604055

Last Listing description (June 2024)

- Executive 63sqm partitioned first-floor office in the popular "University Hill" estate
- Superbly positioned with direct access to the Metropolitan Ring and Plenty Roads
- Fully carpeted and air-conditioned with an internal kitchenette

- Two designated car parks with one undercover and one open
- Disabled access and elevator to each level
- Male and bathrooms on each level
- Bathrooms are always well-maintained and clean
- A range of amenities at your doorstep - trams, cafes, shopping centres, factory outlets, hotels, child care centres, and RMIT directly opposite
- Ideal acquisition for the Self Managed Super Fund Owner Investor
- Summary of the leasing terms:
- Brand new 2 year lease from the 8.4.2024
- Two further options of 2 years and 1 year
- Returning $18,000 per annum net
- Tenants pay all outgoings
- Fixed 4 per cent annual rent increases with a market review in year one of the options
- Building tax depreciation benefits

For further information or to arrange an inspection contact:
John Kalpakis 0412 500 250
john.kalpakis@raywhite.com
or
Mitchell Kalpakis 0428 761 735
mitch.kalpakis@raywhite.com

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Property History for 14/2 Enterprise Dr, Bundoora, VIC 3083

A timeline of how this property has performed in the market
Last Sold
$367,000
31 May 2024
Listed for Rent
$345/w
09 Mar 2024
  • 31 May 2024
    Sold for $367,000
  • 30 Aug 2023
    Listed for Sale $369,000
  • 10 Jun 2022
    Sold for $345,000
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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 13,905 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 88 properties listed for sale, and 35 properties listed for rent in Bundoora on OnTheHouse. According to CoreLogic's data, 514 properties were sold in the past 12 months in Bundoora.

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