97-99 Koornang Road,
Carnegie, VIC 3163
Shops & Retail
Price information
Sale - Auction Fri 31 May
Contact Agent
Key property information
Land area
Floor area
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$192,820
Number of Tenants
1 Tenant
Auction
Private inspections
to arrange a private inspection.
Gross Waddell ICR Pty Ltd - Melbourne
Level 1, 30 Collins StreetMELBOURNE, VIC 3000
97-99 Koornang Road
Carnegie, VIC 3163
Map of 97-99 Koornang Road
Train stations within 5 km of 97-99 Koornang Road, Carnegie, VIC 3163 Distance Carnegie Station 220 m Murrumbeena Station 952 m Glenhuntly Railway Station 1.3 km East Malvern Station 1.6 km Caulfield Station 1.8 km POWERED BY HERE ©Tram stops within 5 km of 97-99 Koornang Road, Carnegie, VIC 3163 Distance 66-Truganini Rd/Glenhuntly Rd (Carnegie) 427 m 66-Glenhuntly Rd/Truganini Rd (Carnegie) 461 m 65-Mimosa Rd/Glenhuntly Rd (Carnegie) 547 m 67-Centre Rd/Truganini Rd (Carnegie) 576 m 68-Carnegie/Truganini Rd (Carnegie) 692 m POWERED BY HERE ©Bus stops within 5 km of 97-99 Koornang Road, Carnegie, VIC 3163 Distance Neerim Rd/Koornang Rd (Carnegie) 135 m Koornang Rd/Neerim Rd (Carnegie) 193 m Truganini RdNeerim Rd 214 m Carnegie Railway StationKoornang Rd 340 m Mimosa Rd/Neerim Rd (Carnegie) 369 m POWERED BY HERE ©
POWERED BY HERE ©
BLUE-CHIP FREEHOLD INVESTMENT WITHIN BUSTLING RETAIL PRECINCT
- Strong income profile
- 20-year lease including options
- Prominent 462 sqm* landholding
Gross Waddell ICR and Burgess Rawson are pleased to offer this high-profile retail freehold boasting an incredibly strong net return and residing on an expansive landholding with direct access to Woolworths. Situated in the heart of Koornang Road bustling retail precinct, the area offers an array of cafes, restaurants, fashion boutiques and national retailers.
• Perfectly positioned single-storey retail freehold situated within the heart of a tightly held Koornang Road retail precinct
• Rental income of $192,820* per annum + outgoings + GST (as of 01/06/2024)
• New 8-year lease to May 2030 plus options through to 2043
• Neighbouring national retailers including Woolworths, Australia Post, Chemist Warehouse, BWS Carnegie, Bakers Delight, Grill’d and much more
• Significant 462 sqm* of Commercial 1 Zone (C1Z) landholding offering unparalleled potential for future development (STCA)
• Important rear lane access and direct frontage and exposure to Woolworths Car Park
• Surrounded by important social infrastructure, including 38 educational institutions within 3km* servicing over 39,000 students (source GapMaps)
• Ideal connectivity with bus stops located near the front door and 185m* to Carnegie train station
• Carnegie offers a soaring median house price of $1,675,000 with a 6.3% growth in the past 12 months (source REIV)
The property is to be sold via Public Auction held on-site at 12 pm on Friday 31st May 2024. For further information or to organise a personal inspection, please contact the exclusive marketing and sales agents directly.
*approx.
Gross Waddell ICR
Glenn Ye 叶格林 | 0400 880 3...
Danny Clark | 0448 066 8...
Burgess Rawson
Zomart He 何梓轩 | 0488 220 8...
Rick Jacobson | 0413 830 0...
• Perfectly positioned single-storey retail freehold situated within the heart of a tightly held Koornang Road retail precinct
• Rental income of $192,820* per annum + outgoings + GST (as of 01/06/2024)
• New 8-year lease to May 2030 plus options through to 2043
• Neighbouring national retailers including Woolworths, Australia Post, Chemist Warehouse, BWS Carnegie, Bakers Delight, Grill’d and much more
• Significant 462 sqm* of Commercial 1 Zone (C1Z) landholding offering unparalleled potential for future development (STCA)
• Important rear lane access and direct frontage and exposure to Woolworths Car Park
• Surrounded by important social infrastructure, including 38 educational institutions within 3km* servicing over 39,000 students (source GapMaps)
• Ideal connectivity with bus stops located near the front door and 185m* to Carnegie train station
• Carnegie offers a soaring median house price of $1,675,000 with a 6.3% growth in the past 12 months (source REIV)
The property is to be sold via Public Auction held on-site at 12 pm on Friday 31st May 2024. For further information or to organise a personal inspection, please contact the exclusive marketing and sales agents directly.
*approx.
Gross Waddell ICR
Glenn Ye 叶格林 | 0400 880 3...
Danny Clark | 0448 066 8...
Burgess Rawson
Zomart He 何梓轩 | 0488 220 8...
Rick Jacobson | 0413 830 0...
Property ID: 504578156Last Updated: 17 May 2024
Gross Waddell ICR Pty Ltd - MelbourneLevel 1, 30 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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