BLUE-CHIP FREEHOLD INVESTMENT WITHIN BUSTLING RETAIL PRECINCT
97-99 Koornang Road, Carnegie VIC 3163
Auction 31/05/24
RetailSize: n/a
Block size: 462 m² approx.
Gross Waddell ICR and Burgess Rawson are pleased to offer this high-profile retail freehold boasting an incredibly strong net return and residing on an expansive landholding with direct access to Woolworths. Situated in the heart of Koornang Road bustling retail precinct, the area offers an array of cafes, restaurants, fashion boutiques and national retailers.
Perfectly positioned single-storey retail freehold situated within the heart of a tightly held Koornang Road retail precinct
Rental income of $192,820* per annum + outgoings + GST (as of 01/06/2024)
New 8-year lease to May 2030 plus options through to 2043
Neighbouring national retailers including Woolworths, Australia Post, Chemist Warehouse, BWS Carnegie, Bakers Delight, Grill'd and much more
Significant 462 sqm* of Commercial 1 Zone (C1Z) landholding offering unparalleled potential for future development (STCA)
Important rear lane access and direct frontage and exposure to Woolworths Car Park
Surrounded by important social infrastructure, including 38 educational institutions within 3km* servicing over 39,000 students (source GapMaps)
Ideal connectivity with bus stops located near the front door and 185m* to Carnegie train station
Carnegie offers a soaring median house price of $1,675,000 with a 6.3% growth in the past 12 months (source REIV)
The property is to be sold via Public Auction held on-site at 12 pm on Friday 31st May 2024. For further information or to organise a personal inspection, please contact the exclusive marketing and sales agents directly.
*approx.
Gross Waddell ICR
Glenn Ye | 0400 880 388
Danny Clark | 0448 066 889
Burgess Rawson
Zomart He | 0488 220 830
Rick Jacobson | 0413 830 083
Perfectly positioned single-storey retail freehold situated within the heart of a tightly held Koornang Road retail precinct
Rental income of $192,820* per annum + outgoings + GST (as of 01/06/2024)
New 8-year lease to May 2030 plus options through to 2043
Neighbouring national retailers including Woolworths, Australia Post, Chemist Warehouse, BWS Carnegie, Bakers Delight, Grill'd and much more
Significant 462 sqm* of Commercial 1 Zone (C1Z) landholding offering unparalleled potential for future development (STCA)
Important rear lane access and direct frontage and exposure to Woolworths Car Park
Surrounded by important social infrastructure, including 38 educational institutions within 3km* servicing over 39,000 students (source GapMaps)
Ideal connectivity with bus stops located near the front door and 185m* to Carnegie train station
Carnegie offers a soaring median house price of $1,675,000 with a 6.3% growth in the past 12 months (source REIV)
The property is to be sold via Public Auction held on-site at 12 pm on Friday 31st May 2024. For further information or to organise a personal inspection, please contact the exclusive marketing and sales agents directly.
*approx.
Gross Waddell ICR
Glenn Ye | 0400 880 388
Danny Clark | 0448 066 889
Burgess Rawson
Zomart He | 0488 220 830
Rick Jacobson | 0413 830 083
Inspections
No inspections scheduled on Allhomes, yet. You may ask the agent about upcoming inspections.
Send an enquiry
Contact Glenn Ye 叶格林 to learn more about this property, request an inspection or take an online tour.
Auction
Friday 31 May, 12:00pm
On Site
Key details
Property type:
Retail
Block Size:
462 m²*
Other Details
Lot:
3
Plan:
PS503474
Legal description:
3\PS503474
Maps and area information
Block information
Block size: 462m² (approx)
Legal description: 3\PS503474
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
Sorry, overlays are not available for this address
Need more info? We've got you covered.
A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.
Property history
We couldn't find any history for this property.
See Carnegie's suburb profile
Carnegie suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
37 years
Population
17,909
Listing ID: 182482166. This listing has been viewed 3 times. It was first displayed on 30/04/2024 and last updated on 01/05/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.