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1032 Dandenong Road
Carnegie VIC 3163
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Sold on 25 Nov 2023

1032 Dandenong Road Carnegie VIC 3163

  • Shop & Retail
  • 750 m²
  • Sold

Freestanding & High Exposure Building 100% Leased to Renowned Princes Pool & Karaoke Bar

  • 100% Leased to Princes Pool
  • New 5+5+5 Year Lease
  • $163,636* + GST Annual Holding Income

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

AUCTION

Auction date and time08/12/2023 10:30
Auction locationSee description
Stonebridge Property Group VIC
Stonebridge Property Group VIC
Level 19, 627 Chapel Street
South Yarra, VIC 3141

Property Highlights

Date Sold25 Nov 2023
Floor Area750 m²
Land Area443 m²
ParkingAsk Agent
Property ID2018879885
Category
Last updated  27 Nov 2023
Map for 1032 Dandenong Road Carnegie VIC 3163
Stonebridge Property Group VIC
Stonebridge Property Group VIC
Level 19, 627 Chapel Street
South Yarra, VIC 3141

Property Highlights

Date Sold25 Nov 2023
Floor Area750 m²
Land Area443 m²
ParkingAsk Agent
Property ID2018879885
Category
Last updated  27 Nov 2023

Co-Agents

Dylan Kilner
Dylan Kilner
Stonebridge Property Group VIC
Call
+61 459 396 341
Nic Hage
Stonebridge Property Group VIC
Call
+61 448 782 594
Shawn Luo
Stonebridge Property Group VIC
Call
+61 412 338 918
Chao Zhang 张超
Stonebridge Property Group VIC
Call
+61 411 625 068

More about 1032 Dandenong Road Carnegie VIC 3163

1032 Dandenong Road Carnegie VIC 3163 is categorized as Shop & Retail Property. It has a floor area of 750 m² and a land area of 443 m². The listing ID for this property is 2018879885.

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