66 Koornang Road, Carnegie, VIC 3163

Investment | Retail

For Sale Contact Agent

Auction: Thursday, Mar 23, 2:30 PM

  • Property ID: 245616
  • Floor Area: 150m²
Prized Carnegie Freehold Investment

- Excellent restaurant premises prominently positioned within Koornang Road’s booming retail and hospitality precinct
- Surrounded by leading National retailers including Woolworths, Aldi, all major Banks and a host of well-regarded eateries
- Leased to popular restaurant tenant trading as Pho66
- Lease term: 7 x 5 x 5 x 5 years
- Rental: $84,872 per annum approx. plus outgoings and GST (from April 2017)
- Land Area: 212m2 approx.
- ?Building Area: 150m2 approx.
- Includes rear access via right of way
- Located metres from the new Carnegie Railway Station currently under construction which is part of the State Government's $5 billion level crossing removal initiative (due for completion in 2017)
- The property’s future value is underpinned by a rapidly growing residential catchment with a major transformation currently underway within the Koornang Road Acitivity Centre with a number of high rise residential developments completed nearby and approximately 15 others in various stages of planning and development
- Zoning: Commercial 1
- Significant future value add potential (stca)
- Outstanding opportunity to invest in one of Melbourne’s most successful and tightly held shopping strips

Additional Information
Carnegie Suburb Profile

Below you will find the average advertised sale price, rent and yield for Carnegie, VIC 3163*

Property Type Price (m²) Rent (m²/p.a.) Yield
Offices --- $360 ---
Retail --- $462 ---
Agency Details

Fitzroys Pty Ltd

Level 27, 360 Collins Street, Melbourne, VIC 3000

View Agency Profile
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Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Parking - Commercial and private parking spaces available within 500 metres of 66 Koornang Road, Carnegie, VIC 3163. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • Nearby Cafes - Number of cafes located within 500 metres of 66 Koornang Road, Carnegie, VIC 3163. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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