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Overview
ENTRY LEVEL RETAIL INVESTMENT
This commercial retail property, Shop 13 located at 42-44 Copernicus Crescent in Bundoora, offers an exceptional entry-level investment opportunity within the Polaris Town Centre. This location is highly sought after due to its vibrant retail and lifestyle precinct, surrounded by a diverse mix of national and local retailers, making it an attractive prospect for investors seeking stable returns.
The property boasts a building and land size of 78 square meters, providing a compact yet functional retail space suitable for a variety of business uses. The site benefits from substantial on-site parking availability, with 320 car spaces, enhancing accessibility for customers and staff alike.
Key investment highlights include a secure lease agreement with a rental income of $45,000 per annum plus GST and outgoings, ensuring a steady cash flow. The lease term extends for five years, commencing on 1 October 2025, with annual rental increases of 3%, providing predictable growth in income over the lease period.
The retail centre is anchored by prominent tenants such as Woolworths, Dan Murphy's, Subway, and Chemist Warehouse, complemented by a variety of local cafes, restaurants, and lifestyle businesses. This tenant mix contributes to a strong foot traffic and a dynamic trading environment, supporting the ongoing success of retail operations within the precinct.
Additionally, the property's proximity to La Trobe University places it within walking distance of a significant student and staff population, further enhancing its commercial appeal and potential customer base.
Overall, this retail investment presents a rare opportunity for astute investors to acquire a well-positioned asset within a thriving retail hub. The combination of a secure lease, strong tenant mix, ample parking, and strategic location within Bundoora's Polaris Town Centre makes this property a compelling addition to any commercial property portfolio.
For further information or to arrange a viewing, interested parties are encouraged to make direct contact with the listing agent.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Bundoora VIC 3083
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 78 m² |
Market Insights for Bundoora VIC 3083
Other properties in this postcode
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