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

The key highlights of the opportunity include:

• Annual holding income of $163,636* (plus GST) with 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 

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

*Approximately