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1056 Dandenong Rd 5,177 SF Retail Condo Unit in Carnegie, VIC 3163
Investment Highlights
- Strategic Dandenong Road frontage with exceptional exposure.
- Allocated car spaces within the development.
- Extensive high-quality fit-out enhancing long-term asset value.
- Positioned near Carnegie’s retail hub, railway station, and Chadstone Shopping Centre.
Executive Summary
1056 Dandenong Rd forms part of the mixed-use development known as “1060,” situated along Dandenong Road in Carnegie, Victoria. Delivered by international developer MRCB Land, the project integrates residential apartments with commercial and retail components. Ground-floor premises within the development feature activated street frontage providing visibility along a major arterial road that carries significant daily traffic volumes. The building offers multiple entry points and is positioned within a high-density urban context, supported by surrounding retail, dining, and residential uses. Access to public transportation and major roads, including Princes Highway and North Road, underpins its suitability for high-profile retail and hospitality operators.
1 Unit Available
| Unit Size | 5,177 SF | No. Parking Spaces | 9 |
| Condo Use | Retail | APN/Parcel ID | 1B\PS731720 |
| Sale Type | Investment |
| Unit Size | 5,177 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| No. Parking Spaces | 9 |
| APN/Parcel ID | 1B\PS731720 |
Description
Ground-floor retail opportunity comprising 481 m² with expansive main road frontage in a mixed-use development. Features include a premium hospitality-grade interior with high-quality built-in fittings, extensive glazing for maximum visibility, and on-site parking provisions. Surrounded by high-density residential and commercial uses, the location ensures constant exposure and strong trade potential.
Sale Notes
This premier investment opportunity occupies a highly visible position along Dandenong Road, benefiting from approximately 60,000 vehicles passing daily. Strategically located within the recently completed '1060' mixed-use development by MRCB Land, the property leverages high pedestrian and vehicular traffic in one of Melbourne’s most active urban precincts.
Anchored by Panda Hot Pot, a globally acclaimed restaurant brand operating over 400 international locations, this asset guarantees long-term stability with a reputable tenant in place. The premises comprises approximately 481 m² of ground-floor retail space featuring a world-class hospitality fit-out included as part of the landlord’s fixtures and fittings, ensuring enduring value for investors.
The asset offers nine dedicated car spaces and immediate proximity to major amenities, including Koornang Road retail strip, Carnegie Station, and Chadstone Shopping Centre. With its prime frontage on a major arterial, strong tenant covenant, and exceptional location, this property stands as an outstanding addition to any institutional or private investment portfolio.
Property Facts
| Total Building Size | 32,141 SF | Floors | 11 |
| Property Type | Retail (Condo) | Typical Floor Size | 10,764 SF |
| Building Class | B | Lot Size | 1.03 AC |
| Total Building Size | 32,141 SF |
| Property Type | Retail (Condo) |
| Building Class | B |
| Floors | 11 |
| Typical Floor Size | 10,764 SF |
| Lot Size | 1.03 AC |
Amenities
- Air Conditioning
Presented by
1056 Dandenong Rd
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