Watch Watch

2. Property Highlights

  • Strong income profile
  • 20-year lease including options
  • Prominent 462 sqm* landholding

Gross Waddell ICR and Burgess Rawson are pleased to offer this high-profile retail freehold boasting an incredibly strong net return and residing on an expansive landholding with direct access to Woolworths. Situated in the heart of Koornang Road bustling retail precinct, the area offers an array of cafes, restaurants, fashion boutiques and national retailers.

• Perfectly positioned single-storey retail freehold situated within the heart of a tightly held Koornang Road retail precinct

• Rental income of $192,820* per annum + outgoings + GST (as of 01/06/2024)

• New 8-year lease to May 2030 plus options through to 2043

• Neighbouring national retailers including Woolworths, Australia Post, Chemist Warehouse, BWS Carnegie, Bakers Delight, Grill’d and much more

• Significant 462 sqm* of Commercial 1 Zone (C1Z) landholding offering unparalleled potential for future development (STCA)

• Important rear lane access and direct frontage and exposure to Woolworths Car Park

• Surrounded by important social infrastructure, including 38 educational institutions within 3km* servicing over 39,000 students (source GapMaps)

• Ideal connectivity with bus stops located near the front door and 185m* to Carnegie train station

• Carnegie offers a soaring median house price of $1,675,000 with a 6.3% growth in the past 12 months (source REIV)

The property is to be sold via Public Auction held on-site at 12 pm on Friday 31st May 2024. For further information or to organise a personal inspection, please contact the exclusive marketing and sales agents directly.


Gross Waddell ICR

Glenn Ye 叶格林 | 0400 880 388

Danny Clark | 0448 066 889

Burgess Rawson

Zomart He 何梓轩 | 0488 220 830

Rick Jacobson | 0413 830 083

Remember to mention you found this property on CommercialReady

Read More

3. Property Location

97-99 Koornang Road, Carnegie, VIC, 3163

Property Map
Show properties in the area

4. Due Diligence

Site Report Available

Download your free DistrictData site summary. Make sure you are logged into CommercialReady to allow access

Site Report Available

  • Site Summary
  • Development Pipeline
  • Recent Transactions
  • Surrounding Amenity
calculator-icon Yield Calculator
calcultor-icon Yield Calculator