178 Koornang Rd 484 SF Retail Condo Unit Offered at $377,375 in Carnegie, VIC 3163

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.

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.