Freestanding & High Exposure Building 100% Leased to Renowned Princes Pool & Karaoke Bar
Stonebridge Property Group is pleased to present for sale 1032 Dandenong Road, Carnegie.
The key highlights of the opportunity include:
- Fixed annual rental increase of 3%, with a 5% fixed review on further term
- New 5-year lease with an experienced operator (15 years of experience) which commenced in 1 April 2023 with 2 x 5 year options
- Commercial 1 Zone landholding of 443 sqm* providing for a range of future development potential options
- 750 sqm* state of the art facility with rooms and all finishes to a CBD Karaoke and Pool Hall standard, costing the tenant $1,300,000
- Karaoke rooms within the venue include: Standard x 3, Premium x 2, Premium XL and VIP
- The architecturally designed interiors, via the tenant’s extensive fit out, create an in-demand experience for patrons across Melbourne's inner south east
- Rare late night liquor licence to 5:00am with a maximum capacity of 250 patrons
- Situated on the bustling Dandenong Road with over 60,000* cars passing daily, and plenty of parking available
- In close proximity to Monash University's Caulfield campus (850 m*), Carnegie train station (650 m*), and accessible bus stops within walking distance
- Only entertainment hub in the south east with pool, karaoke and bar all in one
1032 Dandenong Road, Carnegie is for sale via Public On-site Auction Friday 8th December 2023 at 10:30am (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Dylan Kilner
0459 396 341
Nic Hage
0448 782 594
Shawn Luo ??
0412 338 918
Chao Zhang ??
0411 625 068
*Approximately
Property Code: 807