AUCTION ON SITE THURSDAY 12/02/2026 @ 01:00PMA rare opportunity to secure a highly affordable retail investment within the tightly held Bulleen Plaza Shopping Centre facing the Bulleen Plaza Car Park, anchored by national retailers and long-established local services. Established Tenant: Koala Dry Cleaners & AlterationsStrong Net Income of $42,799.56 p.a. net + Outgoings + GST Increasing to $44,083.55 p.a. net from 01/09/2026Lease Details Seven (7) year lease commenced 01/02/2022 Options: 2 further terms (4 Years + 3 Years) Annual 3% Increases with Market Review at first year of further term Tenant Pays All OutgoingsProperty Features Building Area: 55 sqm (approx.) Open-plan layout Wide shop frontage Excellent exposure to Bulleen Plaza Car Park Ample customer parkingProminently positioned with direct access to Manningham Road and moments from the Eastern Freeway, ensuring constant passing traffic and convenience.Surrounded by major retailers and services including: Coles Chemist Warehouse Australia Post Bulleen Medical Centre Krispy Kreme Numerous specialty retailersOutgoings (Paid by Tenant Estimated) Council Rates: $2,000 p.a. Water Rates: $1,250 p.a. Owners Corporation Fees: $6,250 p.a.
The size of Bulleen is approximately 6.5 square kilometres. It has 29 parks covering nearly 28.3% of total area. The population of Bulleen in 2016 was 10873 people. By 2021 the population was 11219 showing a population growth of 3.2% in the area during that time. The predominant age group in Bulleen is 50-59 years. Households in Bulleen are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Bulleen work in a professional occupation.In 2021, 77.60% of the homes in Bulleen were owner-occupied compared with 77.20% in 2016.
Bulleen has 5,628 properties. Over the last 5 years, Houses in Bulleen have seen a 5.96% increase in median value, while Units have seen a 21.42% increase. As at 31 March 2026:
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