FOR RENT
$25,000 - 45,000 pa

251 Koornang Road
Carnegie VIC 3163

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 42m2
Land area: 42m2
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Available From
Friday 1 November 2024
Inspection Times
No upcoming inspections scheduled.
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Charming 1920's Solid Brick Corner Shop

Situated at 251 Koornang Rd, Carnegie, this charming 1920s solid brick corner shop/office is ideally located at the prominent intersection of Koornang Rd and Munro Ave. Just 900 meters from the heart of Carnegie and 14.5 kilometers from Melbourne's CBD, this property offers a 42 sqm ground floor space, complemented by an outdoor toilet accessible from the backyard.
The shop has 3-phase power, and the plumbing provision for a grease trap is in place. Zoned for Commercial 1, it's perfect for a variety of uses, such as a small café or boutique office. With easy access to major routes, public transport (bus, tram, train), a nearby park, and ample free parking, this location is an excellent choice for any business. Plus, with the Carnegie Swimming Pool set to open by the end of 2024, the area is poised for increased foot traffic and community activity.
Lease Term:
5 years (2+3, or 1+4 or similar)
Security Deposit:
$5,500 (3 months' rent)
Rent Reviews:
Annual rent reviews with adjustments in accordance with the Consumer Price Index (CPI) or a fixed percentage increase of 4%, whichever is higher.
Outgoings:
The tenant's share of the commitment is 50% for the following outgoings Plus GST:
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Property Details for 251 Koornang Rd, Carnegie

Building Type
Commercial
Floor Size
42m2
Land Size
42m2

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About Carnegie 3163

The size of Carnegie is approximately 3.7 square kilometres. It has 5 parks covering nearly 6% of total area. The population of Carnegie in 2011 was 16,299 people. By 2016 the population was 17,399 showing a population growth of 6.7% in the area during that time. The predominant age group in Carnegie is 20-29 years. Households in Carnegie are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Carnegie work in a professional occupation. In 2011, 55.8% of the homes in Carnegie were owner-occupied compared with 52.4% in 2016.

Carnegie has 11,750 properties. Over the last 5 years, Houses in Carnegie have seen a 12.57% increase in median value, while Units have seen a -2.72% decrease. As at 31 October 2024:

  • The median value for Houses in Carnegie is $1,591,202 while the median value for Units is $610,607.
  • Houses have a median rent of $728 while Units have a median rent of $530.
There are currently 34 properties listed for sale, and 30 properties listed for rent in Carnegie on OnTheHouse. According to CoreLogic's data, 552 properties were sold in the past 12 months in Carnegie.

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Tom Tang
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