568 Grimshaw Street
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About this property
An exceptional investment opportunity awaits with this thriving Allied Health Clinic, ideally located in the heart of Bundoora. Set on approximately 916 sqm of land, this modern medical facility is designed for practicality and comfort, featuring four spacious, light-filled consulting rooms, two large patient waiting areas, a bright and welcoming reception area, kitchenette, staff amenities, and ample on-site car parking. Currently leased to a well-established Allied Health provider, the property generates a secure rental return of $40,000 per annum plus outgoings, with the current lease in place until November 2026 and a 6-year relet option, offering long-term income security for investors. The location is second to none, with outstanding accessibility and local convenience. Public transport options are plentiful, with Tram Route 86 just moments away on Plenty Road, easy connections via local bus routes, and proximity to Watsonia Train Station. The property also enjoys quick access to the M80 Metropolitan Ring Road, making commuting seamless for staff and clients alike. Adding to its appeal, the clinic is close to respected schools, shopping precincts including Bundoora Square and Uni Hill, and a vibrant local community. Whether you're expanding your portfolio or seeking a secure, high-yielding asset in a growing healthcare hub, this is an opportunity not to be missed. This property is a rare find, contact us today to arrange an inspection this is one investment you won't want to miss. Terms: 10% Deposit, Balance in 30/60/90 days.
Property Details
- Property Type
- house
- Listing Type
- For Sale
- Bedrooms
- 4
- Bathrooms
- 2
- Parking
- 13
- Land Area
- 916 m²
- Listed
- 3 months ago
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Neighbourhood
Living in Bundoora
This 4-bedroom house in Bundoora, VIC 3083 sits within reach of public transport, local shops and nearby schools. It is listed 68% above the $771,750 median of 54 comparable houseswithin 5 km.
Schools near Bundoora
- Concord Schoolcombined · U · CoEd
- Mastery Schools Victoriacombined · 4-9 · CoEd
- Northside Christian Collegecombined · Prep-12 · CoEd
- Bundoora Primary Schoolprimary · Prep-6 · CoEd
- Norris Bank Primary Schoolprimary · Prep-6 · CoEd
- St Damian's Schoolprimary · Prep-6 · CoEd
What's nearby
- Metropolitan Ring Road (bus) — 1.7 km away
- Reddy Express — 891 m away
- Mogg Court Reserve — 1.5 km away
- Ambrose Treacy Drive Pipetrack Reserve — 1.5 km away
- Hughes Circuit Reserve — 1.5 km away
Bundoora at a glance
Full suburb profile- Population
- 28,068
- Median age
- 38
- Household income
- $1,668/wk
- Median rent
- $381/wk
- Median mortgage
- $2,000/mo
Source: ABS Census.
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Suburb market
Suburb price trend
Bundoora price trend
Median sold · House 4 bed
Compound growth -0.2% / yr over 4 yrs
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Price history
Listing price changes
1 price change recorded for this property
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