Shop B2, 10 Copernicus Crescent
Bundoora, VIC 3083

This commercial retail property, Shop B2 located at 10 Copernicus Crescent, Bundoora, presents an excellent entry-level investment opportunity within the Polaris Town Centre. The property is offered for sale by public auction scheduled for Friday, 25 October 2024, at 12pm on-site.

Positioned in a prime location, this retail space benefits from a secure, long-term tenancy with the well-established Kebab Centre, providing a reliable income stream. The tenancy commenced on 1 December 2023 with a five-year lease term and includes an option to extend for an additional five years. The lease agreement features annual rental increases of 4%, ensuring progressive income growth.

Key features of this investment include:

• Annual rental income of $56,209 plus GST and outgoings as of 1 December 2024.
• Five-year lease term commenced 1 December 2023, with a further five-year option available.
• Annual rental increases of 4%.
• Located within Polaris Town Centre, anchored by major tenants such as Woolworths, Dan Murphy's, Subway, and Chemist Warehouse, which drive significant foot traffic.
• Ample on-site parking available with 330 car spaces, enhancing accessibility for customers.
• Conveniently situated within walking distance to La Trobe University, providing a steady flow of potential customers and staff.

This retail investment offers a secure and affordable opportunity for investors seeking exposure to a well-established commercial precinct with strong tenant covenants and excellent location benefits. The property’s position within a busy shopping centre and proximity to key amenities ensures ongoing demand and potential for capital growth.

For further information or to arrange an inspection, prospective buyers are encouraged to contact the listing agent directly.