Stonebridge Property Group is pleased to present for sale 1032 Dandenong Road, Carnegie.

The key highlights of the opportunity include:

– 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

1032 Dandenong Road, Carnegie is for sale via Public On-site Auction Friday 8th December 2023 at 10:30am (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Dylan Kilner
0459 396 341

Nic Hage
0448 782 594

Shawn Luo 罗霄
0412 338 918

Chao Zhang 张超
0411 625 068

*Approximately

Property Code: 807