Retail A/1056 Dandenong Road Carnegie VIC 3163

RWC (Oakleigh) proudly presents to the market an exceptional investment opportunity with prominent main road frontage to Dandenong Road (Princes Highway) and located in Carnegie's dynamic development precinct. Retail A/1056 Dandenong Road, Carnegie will be offered to the market via a Deadline Private Sale closing Thursday 19th December 2024 at 4:00pm (unless sold prior).

"Panda Hot Pot" are the anchor Tenant of the recently developed '1060' mixed-use project by renowned international developer MRCB Land and have been in occupation since day one.

The Panda Hot Pot conglomerate, is a world-renowned dining destination with over 400 locations^ in China, Japan, Malaysia, US and now Australia. Following the success of their flagship Carlton restaurant, Panda Hot Pot expanded with a second location in Carnegie in 2021, where they've built a loyal local following. The restaurant's popularity not only ensures consistent foot traffic but also enhances the appeal of the surrounding area, reinforcing the property's value as a prime commercial asset with a thriving, high-profile tenant in place.

Property Highlights:

• Leased to world renowned operator "Panda Hot Pot"
• Long term lease until 2041 (commenced 15 Feb 2021)
• Extensive high-quality fitout incorporated as landlord fixtures & fittings
• Income of $182,334* p.a. plus GST plus Outgoings (From Feb 2025)
• Total building area | 481m²*
• High-visibility main road location with 60,000* cars passing by daily (1)
• Located within the high-profile '1060' mixed-use development by renowned international developer MRCB Land
• Excellent parking provisions with 9 allocated car spaces
• Koornang Road retail precinct (300m*), Carnegie Station (400m*), Chadstone Shopping Centre (2.2km*)
• Favourable Commercial 1 Zone (C1Z)

Inspection Times:

• Wednesday 27th November | 10:30am - 11:00am
• Wednesday 4th December | 10:30am - 11:00am
• Wednesday 11th December | 10:30am - 11:00am
• Wednesday 18th December | 10:30am - 11:00am

For further information or to obtain a copy of the I.M or contract, please contact the exclusive marketing agents:

Jonathan On | 0479 003 122
Ryan Amler | 0401 971 622

*All areas and figures are approximate. All boundaries are indicative only. All reasonable care has been taken to ensure the accuracy of the information provided; however, it does not constitute any representation by the Vendor or Agents.
(1) Vic Gov Department of Transport and Planning

^ As per The Age article on February 20th, 2020.

Please note business is not for sale.