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.