OFF MARKET

497 Grimshaw Street
Bundoora VIC 3083

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 867m2
Land area: 747m2
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Property Details for 497 Grimshaw St, Bundoora

Building Type
Commercial
Floor Size
867m2
Land Size
747m2
Local Government
Banyule
Lot/Plan
2/PS500742

Last Listing description (November 2014)

PRIME INVESTMENT
Here's one heck of an investment on a main road for you to add to your portfolio or your self managed super fund. With a rock solid tenant a 2 year lease commencing 1st July 2013 coupled with a rental of $61,800 per annum + GST makes this a prime investment not to be missed. The tenant also pays all outgoings.The property is approximately 867sqm and has a factory area of 370sqm, and a separate showroom with mezzanine office of approximately 497sqm.
Expected selling range: $1 million plus buyers

Property History for 497 Grimshaw St, Bundoora, VIC 3083

A timeline of how this property has performed in the market
Last Transferred
27 May 2022
Listed for Rent
$1.48k/w
01 Jun 2011
  • 27 May 2022
    Transferred
  • 19 May 2016
    Sold for $1,089,000
  • 23 May 2013
    Listed for Sale Not Disclosed
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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 13,928 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.
There are currently 61 properties listed for sale, and 27 properties listed for rent in Bundoora on OnTheHouse. According to CoreLogic's data, 539 properties were sold in the past 12 months in Bundoora.

Suburb Insights for Bundoora 3083

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.