217-221 Koornang Road Carnegie VIC 3163

Private Inspection by Appointment Only

An extremely rare opportunity to secure a substantial 778sqm approx. block in the Commercial 1 Zone with a desirable DDO9 planning overlay, the prominent exposure of this property, situated in a high-profile location, ensures a lucrative future for developers.

There are recently expired plans and permits on hand, offering significant potential to construct a three-storey mixed-use development with 13 dwellings and three office spaces (STCA).

Currently there are three shopfronts providing consistent cashflow, leased until 2nd April 2028 with an option to extend for one further five-year term.
A strong project acquisition only metres from Carnegie's business activity centre, the train station, acclaimed village eateries and the 67-tram, the constant flow of car and foot traffic makes this highly visible position an enviable one.

Close to Glen Eira College, Monash University, Caulfield Racecourse and Chadstone Shopping Centre, stroll to Carnegie Primary School, Koornang Park and the swimming pool.