135 Koornang Road, Carnegie, VIC 3163

Retail | Showrooms | Hotel/Leisure

For Sale Contact Agent

  • Property ID: 444294
  • Floor Area: 183m²
  • Land Area: 229m²
  • Occupancy: Tenanted
AAA INVESTMENT

135 Koornang Rd Carnegie is returning $84,480pa net of GST and outgoings, and has the potential to be $100.000pa net in line with similar sized shops in the street,
It is one of the best streets in Australia.
The property is solid as a rock, and has never been empty
The tenant pays on time and are very reliable.
The shop is a great size and is fully renovated, has rights of carriageway at the rear leading to free council car parking.
There is close proximity to 7 major train stations Murrumbeena, Carnegie, Ormond, Caulfield, Elsternwick, Malvern, Armadale, and near one of the biggest shopping centres in the world Chadstone.
Hundreds of brand new 3, 4 and 5 stories block of apartments are built nearby with more coming as the Glen Eira council is encouraging more to be built,
There are multiple supermarkets and restaurants in the area and is becoming a highlight of Melbourne like Lygon Street 30 years ago, full of restaurants, and shops how can you go wrong.
It is a horse that has been wining for the last 20 years and continuing.
Interest rates will come down soon, as they already talking about it, do not forget that.
Less than 5 years ago interest rates were 0.5 percent in the bank, and it will happen again soon, so where are you going to invest?
Commercial properties have proven to be strong stable investment over the long term.
Unfortunately, the owner has other plans in his life, as he is getting older.
Asking Price $2,450,000 and all reasonable offers will be considered.

Carnegie Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $117 ---
Offices --- $501 ---
Retail --- $306 ---
This is the average advertised price, rent and yield for Carnegie, VIC 3163*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 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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