93, 95 & 97-99 Koornang Road Carnegie VIC 3163

The properties comprise three prime retail premises situated in the heart of the vibrant Koornang Road, Carnegie retail and commercial precinct. The properties are offered subject to outstanding Lease covenants, including Australia Post and Westpac. They provide an outstanding opportunity for the astute investor to invest long term in the strength of the Koornang Road, Carnegie retail precinct.

Property attributes include:
•Heart of the Koornang Road, Carnegie retail and commercial precinct
•Outstanding Lease covenants
•Highly exposed frontages
•Zoning: ‘Commercial 1’

93 Koornang Road – The Cheap Shop
•Building Area: 275.6 m2 approx.
•Current Rental: $95,388.60 p.a* net + GST
•Lease Term: Monthly tenancy from 12/11/2013
•Rental Review: N/A

95 Koornang Road – Australia Post
•Building Area: 259 m2 approx.
•Current Rental: $90,276.60 p.a* net + GST
•Lease Term: 5 + 3 + 3 yrs (comm. 15/05/2011)
•Rental review: Annual 3.5% with market at options

97-99 Koornang Road - Westpac
•Building Area: 364.13 m2 approx.
•Current Rental: $126,406. 68 p.a* net + GST
•Lease Term: 5 yrs (comm. 1/03/2012)
•Rental Reviews: Annual C.P.I