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178 Koornang Rd 484 SF Retail Condo Unit Offered at $387,602 in Carnegie, VIC 3163
Investment Highlights
- Surrounded by national retailers and vibrant lifestyle amenities.
- Strong arterial links via Princes Highway and North Road.
- Walkable access to Carnegie Railway Station and tram routes.
Executive Summary
178 Koornang Rd is a multifamily building including ground floor retail located in Carnegie’s established retail corridor with a building area of approximately 4,095 m². Situated along Koornang Road, the property offers strong pedestrian and vehicular exposure, supported by proximity to key tenants such as Woolworths. Transport options include the nearby Carnegie Railway Station and major arterial networks.
1 Unit Available
| Unit Size | 484 SF | Condo Use | Retail |
| Price | $387,602 | Sale Type | Investment |
| Price Per SF | $800.83 | APN/Parcel ID | 101\PS735070 |
| Unit Size | 484 SF |
| Price | $387,602 |
| Price Per SF | $800.83 |
| Condo Use | Retail |
| Sale Type | Investment |
| APN/Parcel ID | 101\PS735070 |
Description
Ground floor retail space of approximately 45 m² in the heart of Carnegie’s retail precinct. The property provides excellent street exposure and walk-up convenience for customers. Includes modern interior finishes and signage opportunities on a high-traffic thoroughfare. Located within a mix of national brands and local operators, benefiting from strong pedestrian activity and close proximity to public transport networks.
Sale Notes
This ground floor retail opportunity offers a secure, entry-level investment in the heart of Carnegie’s vibrant retail and business district. Spanning approximately 45 m², the property is nestled among national brands including Woolworths, Chemist Warehouse, and Grill’d, guaranteeing sustained foot traffic and high street exposure.
Positioned just minutes from Carnegie Railway Station, with superb connectivity to major arterials such as Princes Highway and North Road, the property provides tenants and customers unmatched accessibility. Recent leasing activity underscores its stability, with a new 3 x 3 x 3-year arrangement commencing December 2023, currently generating $31,200 per annum net.
This investment pairs immediate income security with strong growth potential, underpinned by Carnegie’s ongoing infrastructure and lifestyle upgrades. With favorable Commercial 1 zoning and proximity to a thriving café and retail culture, it is ideally suited for buyers seeking a low-maintenance, high-visibility asset in a blue-chip location.
Property Facts
| Total Building Size | 44,078 SF | Floors | 6 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 7,341 SF |
| Property Subtype | Apartment | Lot Size | 0.16 AC |
| Building Class | C |
| Total Building Size | 44,078 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 6 |
| Typical Floor Size | 7,341 SF |
| Lot Size | 0.16 AC |
Amenities
Site Amenities
- On-Site Retail
Presented by
178 Koornang Rd
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