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21A & 21B Koornang Road, Carnegie, VIC 3163

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21A & 21B Koornang Road, Carnegie, VIC 3163

Carnegie

21A & 21B Koornang Road, Carnegie, VIC 3163
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21A & 21B Koornang Road, Carnegie, VIC 3163

Carnegie

SOLD
21A & 21B Koornang Road, Carnegie, VIC 3163

21A & 21B Koornang Road, Carnegie, VIC 3163

Properties / Sold / Victoria / Carnegie
Development Potential
Property Type
Commercial
Sub Type
Retail/Shopping Centre, Land Site
Land Area
530 m² (*approx)
Zoning
Commercial 1
Selling Method
For Sale: AUCTION
Auction Date
12 Oct 2023 01:30PM
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PRIME DEVELOPMENT SITE
  • 2 RETAIL SHOPS TO BE SOLD AS ONE
  • POTENTIAL FOR 5 LEVELS (STCA)
  • CURRENT INCOME OF $33,000 PA*

Crabtrees Real Estate are pleased to offer to the market for SALE via PUBLIC AUCTION this terrific opportunity to acquire an outstanding development site of 530 sqm* with a current holding income in the premier location of Carnegie.

++ PUBLIC AUCTION – THURSDAY 12TH OCTOBER AT 1.30PM ON-SITE ++

The property comprises 2 adjoining shops on separate titles to be sold as one. The upside of these properties are their potential for a (5) level mixed use development (STCA) in a tightly held location with great surrounding amenity and close proximity to Carnegie Station.

Property Features:

+ Huge 12 metre* frontage to Koornang Road

+ Favourable Commercial 1 Zoning

+ Multi level development potential up to five (5) levels (STCA)

+ Public transport nearby including new Carnegie Train Station, and multiple bus routes

+ Prime position within a growing residential mixed-use/residential development catchment

+ Surrounded by prominent traders including Woolworths, Aldi, Chemist Warehouse, Bakers Delight, Crust Pizza as well as a host of popular local eateries and the Rosstown Hotel

Tenancy Details:

21A Koornang Road:

+ Vacant Possession

21B Koornang Road:

+ Currently Leased to Yami Yami Korean BBQ Restaurant

+ Three (3) year lease from 20 July 2021

+ One (1) further option of three (3) years

+ Rental income $36,382.32pa net

+ 5% annual increases

Crabtrees Real Estate is built on history, reputation and expertise.

We offer a level of knowledge others can't match.

Our team strategically located across the eastern and south eastern corridors of Melbourne are ready to handle your Commercial, Industrial and Retail Property needs today so call or email NOW!

Remember to mention you found this property on DevelopmentReady

Read More
Development Potential

21A & 21B Koornang Road Development Site Summary

Property Type
Commercial
Sub-type
Retail/Shopping Centre, Land Site
Land Area
530 m² (*approx)
Zoning
Commercial 1
Selling method
For Sale: AUCTION
Auction Date
12 Oct 2023 01:30PM
Add to calendar

Development Site Highlights

PRIME DEVELOPMENT SITE
  • 2 RETAIL SHOPS TO BE SOLD AS ONE
  • POTENTIAL FOR 5 LEVELS (STCA)
  • CURRENT INCOME OF $33,000 PA*

Crabtrees Real Estate are pleased to offer to the market for SALE via PUBLIC AUCTION this terrific opportunity to acquire an outstanding development site of 530 sqm* with a current holding income in the premier location of Carnegie.

++ PUBLIC AUCTION – THURSDAY 12TH OCTOBER AT 1.30PM ON-SITE ++

The property comprises 2 adjoining shops on separate titles to be sold as one. The upside of these properties are their potential for a (5) level mixed use development (STCA) in a tightly held location with great surrounding amenity and close proximity to Carnegie Station.

Property Features:

+ Huge 12 metre* frontage to Koornang Road

+ Favourable Commercial 1 Zoning

+ Multi level development potential up to five (5) levels (STCA)

+ Public transport nearby including new Carnegie Train Station, and multiple bus routes

+ Prime position within a growing residential mixed-use/residential development catchment

+ Surrounded by prominent traders including Woolworths, Aldi, Chemist Warehouse, Bakers Delight, Crust Pizza as well as a host of popular local eateries and the Rosstown Hotel

Tenancy Details:

21A Koornang Road:

+ Vacant Possession

21B Koornang Road:

+ Currently Leased to Yami Yami Korean BBQ Restaurant

+ Three (3) year lease from 20 July 2021

+ One (1) further option of three (3) years

+ Rental income $36,382.32pa net

+ 5% annual increases

Crabtrees Real Estate is built on history, reputation and expertise.

We offer a level of knowledge others can't match.

Our team strategically located across the eastern and south eastern corridors of Melbourne are ready to handle your Commercial, Industrial and Retail Property needs today so call or email NOW!

Remember to mention you found this property on DevelopmentReady

Read More

Supporting Information

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Development Potential
Chris McKenzie
Chris McKenzie
+61 *** *** *** show +61 418 321 065
Chris McKenzie
Chris McKenzie
+61 *** *** *** show +61 418 321 065

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21A & 21B Koornang Road, Carnegie, VIC 3163

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21A & 21B Koornang Road, Carnegie, VIC 3163 Carnegie
Crabtrees - Oakleigh
Crabtrees - Oakleigh
20-22 Atherton Road Oakleigh VIC 3166
Chris McKenzie
Chris McKenzie
+61 *** *** *** show +61 418 321 065