251 Koornang Road Carnegie VIC 3163

Situated at 251 Koornang Rd, Carnegie, this charming 1920s solid brick corner shop/office is ideally located at the prominent intersection of Koornang Rd and Munro Ave. Just 900 meters from the heart of Carnegie and 14.5 kilometers from Melbourne's CBD, this property offers a 42 sqm ground floor space, complemented by an outdoor toilet accessible from the backyard.

The shop has 3-phase power, brand new heat pump hot water service and the plumbing provision for a grease trap is in place. Zoned for Commercial 1, it's perfect for a variety of uses, such as a small café or boutique office. With easy access to major routes, public transport (bus, tram, train), a nearby park, and ample free parking, this location is an excellent choice for any business. Plus, with the Carnegie Swimming Pool set to open by the end of 2024, the area is poised for increased foot traffic and community activity.

Lease Term:

5 years (e.g., 2+3 or 1+4), with an option for extension subject to mutual agreement.

Security Deposit:

$5,500 (3 months' rent)

Rent Reviews:

Annual rent reviews with adjustments in accordance with the Consumer Price Index (CPI) or a fixed percentage increase of 4%, whichever is higher.

Outgoings:
The tenant's share of the commitment is 50% for the following outgoings Plus GST:

Council rates: $1,630.25 per annum (actual)
Water rates: $796.40 per annum (actual)TBA

The owner will offer rent-free period to accommodate essential capital works, modifications, and setup.