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Ray White Commercial Ferntree Gully - FERNTREE GULLY
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239-245 Koornang Road Carnegie, VIC 3163

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For Sale - Sale by Negotiation

239-245 Koornang RoadCarnegie, VIC 3163

Shop & Retail • Offices • Medical & Consulting
Sale Price

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Land area

798.0m²

Floor area

806.0m²

Zoning

Commercial 1 Zone

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$312,713
Number of Tenants
3 Tenants

Holding Income with Excellent Development Upside

Ray White Commercial Ferntree Gully is delighted to present for Sale Four (4) Shops In One Line Investment with Development Upside.

The property has a strong holding lease back income with the feature of redevelopment upside (STCA) and enjoys the benefits of demolition clauses.

Glen Eira City Council are planning for an estimated 22,000 new residents, 9,000 households and 9,500 jobs over the next 15 years.

Properties of this quality, condition and calibre are becoming rare in this market. The area is a sought after growth corridor.

The investment would ideally suit an astute property investor looking for a point of difference in their property portfolio.

Property Features Include:-

- Building Area: 806sqm* Over 2 Levels
- Land Area: 798sqm*
- Combined Street Frontage of 48m*
- Annual Return: $312,713 Per Annum Net*
- Four (4) Freehold Title Shops In Line
- Possible Development Upside Of 3 to 4 Levels (STCA)
- Possible Future Uses Include: Childcare Centre, Student Residential Accommodation For The Nearby Monash University Caulfield Campus (STCA)
- Dual Street Frontage and Rear Lane Access
- Strong Holding Lease Back Income
- Demolition Clauses Providing Dependable Upside
- Commercial 1 Zone (C1Z)
- Suit A Variety of Uses (STCA)

* Approximate
^ Subject To Council Approval (STCA)

To arrange an inspection or to obtain a copy of the information memorandum and legal documentation, please contact Paul Waterhouse or Mitch Rosam.

Property ID: 503240782Last Updated: 13 Sep 2019

Ray White Commercial Ferntree Gully - FERNTREE GULLY
239-245 Koornang Road
Carnegie, VIC 3163
Paul Waterhouse
Mitch Rosam

Ray White Commercial Ferntree Gully - FERNTREE GULLY

5/1849 Ferntree Gully Road
FERNTREE GULLY, VIC 3156

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Ray White Commercial Ferntree Gully - FERNTREE GULLY

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Ray White Commercial Ferntree Gully - FERNTREE GULLY

5/1849 Ferntree Gully Road
FERNTREE GULLY, VIC 3156
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Paul Waterhouse

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Paul Waterhouse
Ray White Commercial Ferntree Gully - FERNTREE GULLY
239-245 Koornang Road Carnegie, VIC 3163

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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  • Paul Waterhouse

    Paul Waterhouse

    Ray White Commercial Ferntree Gully - FERNTREE GULLY
    0417 *** ***
  • Mitch Rosam

    Mitch Rosam

    Ray White Commercial Ferntree Gully - FERNTREE GULLY
    0402 *** ***