311/12 Ormond Boulevard Bundoora, VIC 3083

• State of the art office or medical space positioned in the heart of the thriving University Hill business/retail precinct
• Prime location offering easy access to Plenty and Metropolitan Ring Roads
• A range of amenities at your doorstep - RMIT, city tram, cafes, child care centres, a hotel and a gymnasium
• Opposite the Direct Factory Outlets and the Uni Hill shopping centre
• Communal facilities including toilets and shower on each level
• Dual serviced lifts from basement car parking
• Conference facility in the building for occupiers
• Kitchenette with provision for dishwasher
• Intercom to allow clients in the building
• Low cost LED lighting with sensors
• Approval for office or medical use
• Heating/air-conditioning
• Optic fibre internet
• Two allocated car spaces
• Ideal entry level acquisition for a Self Managed Super Fund (SMSF) investor
• The property is eligible for Self Managed Super Fund (SMSF) LRBA Borrowing
• LEASE DETAILS:
• New 2 year lease from 27.7.2026 with 2 further options of 2 years each
• Commencing rental of $20,000 plus all outgoings and GST
• Fixed 4 per cent annual increases
• Market review in year one of each option

From 1 July 2024, eligible buyers of commercial and industrial properties can choose to pay stamp duty in full at settlement or spread the payments over 10 years.

For further information or to arrange an inspection contact:
John Kalpakis 0412 500 250
john.kalpakis@raywhite.com
or
Mitchell Kalpakis 0428 761 735
mitch.kalpakis@raywhite.com

DISCLAIMER:
Whilst Ray White Preston has taken all care in preparing this information and used their best endeavours to ensure that the information contained therein is true and accurate, but accepts no responsibility and disclaims all liability in respect of any errors, inaccuracies, or misstatements contained herein.
Ray White Preston urges prospective purchasers to make their own inquiries to verify the information contained herein.