478 Grimshaw StreetBundoora VIC 3083
Property Details for 478 Grimshaw St, Bundoora
Last Listing description (January 2023)
Knight Frank is pleased to offer for sale this securely leased children's paediatric clinic prominently located at 478 Grimshaw Street, Bundoora.
The property has been fully refurbished to the highest standards and is leased to Dr Luke Sammartino who is one of Melbourne's leading and busiest paediatricians with more than 20 years experience.
Contained within one Certificate of Title, the land comprises an area of 560sqm and is zoned General residential - Schedule 1.
Key selling features for the property are as follows:
- 5+5+5+5 year lease
- Lease commencement 1st July 2015
- Current net rental of $70,000 per annum plus GST and outgoings
- Annual rental increases by CPI
- Secure three (3) month bank guarantee
- Further information on the tenant can be viewed at www.drluke.com.au
Should you wish to arrange an inspection or require a copy of the Contract of Sale, please contact Tim Grant and Matt Romanin.
Property History for 478 Grimshaw St, Bundoora, VIC 3083
- 23 Mar 2020Listed for Rent - Price not available
- 09 Oct 2019Transferred
- 27 Apr 2016Sold for $1,100,000
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0About 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 13,928 properties. Over the last 5 years, Houses in Bundoora have seen a 18.19% increase in median value, while Units have seen a 18.82% increase. As at 30 November 2024:
- The median value for Houses in Bundoora is $888,231 while the median value for Units is $504,289.
- Houses have a median rent of $570 while Units have a median rent of $480.
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