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96 Koornang Road
Carnegie VIC 3163
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Sold on 4 Dec 2014

96 Koornang Road Carnegie VIC 3163

  • Shop & Retail
  • 178 m²
  • Sold

Dine Out On This Investment

Colliers International is pleased to offer 96 Koornang Road, Carnegie for sale by Public Auction on Thursday 4th December at 12 noon on-site.

The property offers an outstanding position in the centre of the Koornang Road retail strip. Tightly held and well sought after, its location is in close proximity to Carnegie Train Station, Caulfield Racecourse and Monash University Caulfield. This free-standing restaurant offers investors a rare opportunity to secure a property in a popular strip that is tested till 2023.

Key features of this offering include the following:

? Net income: $98,325;
? Long-term secure lease till 2023;
? Net Lettable Area: 308 square metres (approx.);
? Land Area: 178 square metres (approx.);
? Leased to an established tenant – Petaling (VIC) Pty Ltd;
? 3.5% annual rent increases and market review in 2018 as well as at option – 5 year option;
? Prime Koornang Road retail strip location;
? Public transport easily accessible with Carnegie Train Station, tram and buses nearby;
? Rear access to Shepparson Avenue public car park;
? Ideal passive investment;
? Tightly held area with low vacancy rates.

This is an outstanding passive investment, with long term secure lease, in a booming retail strip, an opportunity not to be missed.

For more information please contact Colliers International agents Jeremy Gruzewski (+61 422 211 021) or Tom Ryan (+61 450 298 920).

This property is proudly featured in our National Auction Portfolio ( NAP )

AUCTION

Auction date and time04/12/2014 00:00
Auction location12 noon

Property Highlights

Date Sold4 Dec 2014
Floor AreaAsk Agent
Land Area178 m²
ParkingOn site parking available
Property ID2011551574
Category
Last updated  28 Jan 2015
Map for 96 Koornang Road Carnegie VIC 3163

Property Highlights

Date Sold4 Dec 2014
Floor AreaAsk Agent
Land Area178 m²
ParkingOn site parking available
Property ID2011551574
Category
Last updated  28 Jan 2015

Listed by

Colliers International | Melbourne East
Call
03 85621111

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