FOR SALE
For Sale

Retail A/1056 Dandenong Road
Carnegie VIC 3163

Bedrooms: -
Bathrooms: -
Car spaces: 9
Floor area: 481m2
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Prime Investment Opportunity With Exposure On Dandenong Road

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.
"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)
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Property Details for Retail A/1056 Dandenong Rd, Carnegie

Building Type
Commercial
Floor Size
481m2

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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 11,789 properties. Over the last 5 years, Houses in Carnegie have seen a 11.15% increase in median value, while Units have seen a -5.42% decrease. As at 30 November 2024:

  • The median value for Houses in Carnegie is $1,638,299 while the median value for Units is $587,032.
  • Houses have a median rent of $700 while Units have a median rent of $530.
There are currently 32 properties listed for sale, and 19 properties listed for rent in Carnegie on OnTheHouse. According to CoreLogic's data, 538 properties were sold in the past 12 months in Carnegie.

Suburb Insights for Carnegie 3163

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Jonathan On
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Ryan Amler
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Ray White Commercial Oakleigh
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.