Gross Waddell ICR and Oliver Commercial Advisory are pleased to present for sale 99A Koornang Road, Carnegie. The property is one of Koonrang Road’s most prominent freeholds, featuring the esteemed ‘Europa Cafe’ as a longstanding tenant with untapped potential.

The key highlights of the opportunity include:


• Comprising of ground floor retail which is occupied by Europa Cafe with flexible lease structures and a first floor residence with its own separate access.

• The underlying commercial 1 zone landholding of 212 sqm* benefits from prime Koonrang Road frontage and enviable exposure with rear access to the Woolworths car park.

• Income of $96,513 p.a. + GST + Outgoings *

• Ideally situated in the heart of Carnegie's bustling activity centre, one of the most vibrant retail precincts in Melbourne.

• Benefited by close proximity of essential social infrastructure, including 38 educational institutions within 3km* serving over 39,000 students (source: GapMaps).

• Surrounded by retailers such as; Grill'd, Chemist Warehouse, Bakers Delight, Mrs. Kim's Grill, The Bank Carnegie, Paradai Thai, Hakata Gensuke Ramen, Woolworths, Aldi, Aus Post and more.

• Convenient access to bus stops at the doorstep and only 190m* from Carnegie train station providing convenient access to Melbourne's CBD and surrounding suburbs, ensuring a steady flow of customers to the retail zone.

• Carnegie boasts a strong median house price of $1,675,000, reflecting a 6.3% growth over the past 12 months (source: REIV).

99A Koonrang Road Carnegie is offered for sale via Public On-site Auction on Friday 23rd August 2024 at 12:00pm.

For further information or to arrange an inspection, please contact the exclusive selling agents below.

*approx.