Colliers International is pleased to offer 96 Koornang Road, Carnegie for sale by Public Auction on Thursday 4th December at 12 noon on-site.
The property offers an outstanding position in the centre of the Koornang Road retail strip. Tightly held and well sought after, its location is in close proximity to Carnegie Train Station, Caulfield Racecourse and Monash University Caulfield. This free-standing restaurant offers investors a rare opportunity to secure a property in a popular strip that is tested till 2023.
Key features of this offering include the following:
Net income: $98,325;
Long-term secure lease till 2023;
Net Lettable Area: 308 square metres (approx.);
Land Area: 178 square metres (approx.);
Leased to an established tenant – Petaling (VIC) Pty Ltd;
3.5% annual rent increases and market review in 2018 as well as at option – 5 year option;
Prime Koornang Road retail strip location;
Public transport easily accessible with Carnegie Train Station, tram and buses nearby;
Rear access to Shepparson Avenue public car park;
Ideal passive investment;
Tightly held area with low vacancy rates.Read more
Lot/Plan No: 3/LP57340