60 Koornang Road, Carnegie, Vic 3163
LATEST
Retail
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Published on: 29 Jan 2025
Last updated on: 29 Jan 2025
Property ID: 504775556
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Key property information
Land Size
223.00 m2
Floor Area
300.00 m2
Tenure Type
tenanted
PROMINENT RETAIL FREEHOLD LEASED TO HIGHLY SUCCESSFUL RESTAURANT CHAIN
60 Koornang Road, Carnegie, Vic 3163
Gross Waddell ICR is delighted to offer for sale this high-profile retail freehold boasting an incredibly strong net return. Situated within the ever popular and bustling Koornang Road retail precinct, the area offers an array of cafes, restaurants, fashion boutiques and national retailers. Property highlights include: • Substantial two level retail freehold of 300sqm* (NLA) situated within the tightly held Koornang Road retail precinct • Land area of 223sqm* of CZ1 zoned land and benefitting from 2 street frontages • Leased to Dragon Hotpot – a highly successful and popular restaurant chain with 30 restaurants operating internationally • Lease term: 8 years (comm. Dec-23) plus options • Current rental: $135,200* p.a. net • Annual rental increases of 4% • Neighbouring national retailers including Woolworths, Australia Post, Chemist Warehouse, BWS, Bakers Delight, Grill’d and much more • Surrounded by important social infrastructure, including 38 educational institutions within 3km* servicing over 39,000 students (source: GapMaps) 60 Koornang Road, Carnegie is offered for sale via Public Onsite Auction on Thursday 6th March 2025 at 1:00pm. For further information or to organise an inspection, please contact Gross Waddell ICR directly. *Approx.
Property Details
Basic Info
Basic Info
Property Type
Retail
Listing Status
On Market
Land Size
223.00 m2
Address
60 Koornang Road, Carnegie, Vic 3163
Contact Agent
Email enquiry to Gross Waddell ICR - Commercial
Level 1, 30 Collins Street, Melbourne, Vic 3000
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Property ID: 504775556
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