SOLD
Sold on 25 Nov 2023 for $3,200,000

1032 Dandenong Road
Carnegie VIC 3163

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 702m2
Land area: 381m2
Improve this data
Sold By
Chao Zhang
Stonebridge Property Group VIC
Dylan Kilner
Stonebridge Property Group VIC
Share
Save

Property Details for 1032 Dandenong Rd, Carnegie

Building Type
Commercial
Floor Size
702m2
Land Size
381m2
Local Government
Glen Eira
Lot/Plan
1/TP182712

Last Listing description (November 2023)

Stonebridge Property Group is pleased to present for sale 1032 Dandenong Road, Carnegie.

The key highlights of the opportunity include:

- Fixed annual rental increase of 3%, with a 5% fixed review on further term

- New 5-year lease with an experienced operator (15 years of experience) which commenced in 1 April 2023 with 2 x 5 year options

- Commercial 1 Zone landholding of 443 sqm* providing for a range of future development potential options

- 750 sqm* state of the art facility with rooms and all finishes to a CBD Karaoke and Pool Hall standard, costing the tenant $1,300,000

- Karaoke rooms within the venue include: Standard x 3, Premium x 2, Premium XL and VIP

- The architecturally designed interiors, via the tenant's extensive fit out, create an in-demand experience for patrons across Melbourne's inner south east

- Rare late night liquor licence to 5:00am with a maximum capacity of 250 patrons

- Situated on the bustling Dandenong Road with over 60,000* cars passing daily, and plenty of parking available

- In close proximity to Monash University's Caulfield campus (850 m*), Carnegie train station (650 m*), and accessible bus stops within walking distance

- Only entertainment hub in the south east with pool, karaoke and bar all in one

1032 Dandenong Road, Carnegie is for sale via Public On-site Auction Friday 8th December 2023 at 10:30am (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Dylan Kilner
0459 396 341

Nic Hage
0448 782 594

Shawn Luo
0412 338 918

Chao Zhang
0411 625 068

*Approximately

Property Code: 807

Show More

Property History for 1032 Dandenong Rd, Carnegie, VIC 3163

A timeline of how this property has performed in the market
Last Sold
$3,200,000
25 Nov 2023
Listed for Rent
$2.88k/w
28 Jan 2020
  • 25 Nov 2023
    Sold for $3,200,000
  • 03 Nov 2023
    Listed for Sale AUCTION
  • 03 Dec 2019
    Sold for $2,800,000
Sign in to see more transactions

Commute Calculator

Recent sales nearby

See more recent sales nearby

Similar properties For Sale nearby

See more properties for sale nearby

Similar properties For Rent nearby

See more properties for rent nearby

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 11,685 properties. Over the last 5 years, Houses in Carnegie have seen a 22.68% increase in median value, while Units have seen a 1.45% increase. As at 30 September 2024:

  • The median value for Houses in Carnegie is $1,651,623 while the median value for Units is $605,458.
  • Houses have a median rent of $723 while Units have a median rent of $530.
There are currently 34 properties listed for sale, and 28 properties listed for rent in Carnegie on OnTheHouse. According to CoreLogic's data, 525 properties were sold in the past 12 months in Carnegie.

Carnegie Profile Page

Suburb Insights for Carnegie 3163

Visit Carnegie profile page
Market Insights
Carnegie Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Carnegie Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Carnegie profile page
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

Disclaimer
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.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED