60 Koornang Road Carnegie VIC 3163

Gross Waddell ICR is delighted to offer for sale this high-profile retail freehold boasting an incredibly strong net return. Situated within the ever popular and bustling Koornang Road retail precinct, the area offers an array of cafes, restaurants, fashion boutiques and national retailers.

Property highlights include:

Substantial two level retail freehold of 300sqm* (NLA) situated within the tightly held Koornang Road retail precinct

Land area of 223sqm* of CZ1 zoned land and benefitting from 2 street frontages

Leased to Dragon Hotpot a highly successful and popular restaurant chain with 30 restaurants operating internationally

Lease term: 8 years (comm. Dec-23) plus options

Current rental: $135,200* p.a. net

Annual rental increases of 4%

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

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

60 Koornang Road, Carnegie is offered for sale via Public Onsite Auction on Thursday 6th March 2025 at 1:00pm.

For further information or to organise an inspection, please contact Gross Waddell ICR directly.

*Approx.