251 Koornang Road Carnegie VIC 3163
$20,000 pa

DESCRIPTION

Situated at 251 Koornang Rd, Carnegie, this charming 1920s solid brick corner shop/office is ideally located at the prominent intersection of Koornang Rd and Munro Ave. Just 900 meters from the heart of Carnegie and 14.5 kilometers from Melbourne's CBD, this property offers a 42 sqm ground floor space, complemented by an outdoor toilet accessible from the backyard.

The shop has 3-phase power, and the plumbing provision for a grease trap is in place. Zoned for Commercial 1, it's perfect for a variety of uses, such as a small café or boutique office. With easy access to major routes, public transport (bus, tram, train), a nearby park, and ample free parking, this location is an excellent choice for any business. Plus, with the Carnegie Swimming Pool set to open by the end of 2024, the area is poised for increased foot traffic and community activity.

Lease Term:

5 years (2+3, or 1+4 or similar)
Security Deposit:

$5,500 (3 months' rent)

Rent Reviews:

Annual rent reviews with adjustments in accordance with the Consumer Price Index (CPI) or a fixed percentage increase of 4%, whichever is higher.

Outgoings:
The tenant's share of the commitment is 50% for the following outgoings Plus GST:

Council rates: $1,630.25 per annum (actual)
Water rates: $796.40 per annum (actual)
Building insurance: $3,000 per annum (estimated)
Maintenance and cleaning for common areas: $500

Owner Contribution for Fit-Out:

The owner will provide a 1 month rent free period for necessary modifications and setup, such as part expenses of grease trap installation, ceiling plaster. The rest of the fit-out expenses & building works are the tenant's responsibility.