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19 Enterprise Dr 3,552 SF Office Condo Unit Offered at $606,907 in Bundoora, VIC 3083
Investment Highlights
- Located within the established Bundoora commercial and retail precinct, offering strong business connectivity.
- Features ample on-site car parking to support tenants and visitors.
- Immediate access to major roadways, including the Metropolitan Ring Road (M80) and Plenty Road, supporting regional connectivity.
- Provides multiple individually titled office suites designed for professional and corporate occupants.
- Close proximity to University Hill retail center, dining options, and essential services.
- Positioned in a growth corridor with easy access to public transport and surrounding residential catchments.
Executive Summary
The property is a commercial office building located at 19 Enterprise Drive within the Bundoora commercial and retail precinct in Victoria. It provides multiple on-site car parks and contains individually titled office suites designed for professional use. The building offers internal configurations that accommodate offices, boardrooms, and shared amenities. It is positioned in proximity to the University Hill retail center and has convenient access to major transportation routes, including the Metropolitan Ring Road (M80) and Plenty Road.
1 Unit Available
Unit Suite 15
| Unit Size | 3,552 SF | Sale Type | Investment |
| Price | $606,907 | Cap Rate | 5.50% |
| Price Per SF | $170.86 | NOI | $33,379.89 |
| Condo Use | Office | No. Parking Spaces | 10 |
| Unit Size | 3,552 SF |
| Price | $606,907 |
| Price Per SF | $170.86 |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| NOI | $33,379.89 |
| No. Parking Spaces | 10 |
Description
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.
Sale Notes
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.
+1 More
Office Space
Office Space
Meeting Room
Office Space
Meeting Room
Office Space
Property Facts
| Total Building Size | 28,546 SF | Floors | 1 |
| Property Type | Industrial (Condo) | Typical Floor Size | 28,546 SF |
| Property Subtype | Warehouse | Lot Size | 1.46 AC |
| Building Class | C | Parking Ratio | 0.35/1,000 SF |
| Total Building Size | 28,546 SF |
| Property Type | Industrial (Condo) |
| Property Subtype | Warehouse |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 28,546 SF |
| Lot Size | 1.46 AC |
| Parking Ratio | 0.35/1,000 SF |
Amenities
- Reception
- Automatic Blinds
- Recessed Lighting
- Air Conditioning
Presented by
19 Enterprise Dr
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