32 Koornang Road, Carnegie, VIC 3163 | Property Value & History | OnTheHouse
 
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32 Koornang Road
Carnegie VIC 3163

Bedrooms: -
Bathrooms: -
Car spaces: 1
Land area: 165m2
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Property Details for 32 Koornang Rd, Carnegie

Building Type
Commercial
Land Size
165m2
Local Government
Glen Eira
Lot/Plan
4/LP92340

Last Listing description (January 2019)

CVA Property Consultants are pleased to present this two level lock up shop in thriving Carnegie now available for Private Sale.
Currently trading as 'Width Alley Spicy Pot Chinese Cuisine Restaurant and Takeaway', featuring a 5+5 year lease, current rental of $49,920.00 pa, recently renovated kitchen, dining on both floors, an administration area on the upper floor together with rear right of way access.
The Carnegie retail centre has been enhanced by the encouragement of high-density residential accommodation and new Railway Station & Level Crossing Removal incorporating the elevated rail for the Caulfield to Dandenong line. Coupled with the subject property's close proximity to Carnegie Central which includes high profile names such as Spotlight, Chemist Warehouse, Subway, Crocs Play Centre as well as Woolworths and Aldi supermarkets, the successful purchaser can expect strong future capital growth.

Investment particulars:
- Returning $49,920 per annum plus GST (from 1st November 2018)
- Five (5) year + Five (5) year
- Strong 4% annual increases with market review at option
- Three (3) months security deposit
Property features:
- Zoned Commercial 1
- Total land area 164m2*
- Two level lock up shop of 140m2*
- Recently renovated kitchen
- Rear laneway access
- 220m* walk to Carnegie Railway Station
- Future development potential (S.T.C.A)
For more information contact CVA Property Consultants.

*approx

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Property History for 32 Koornang Rd, Carnegie, VIC 3163

A timeline of how this property has performed in the market
Last Sold
$1,280,000
12 Dec 2018
Listed for Rent
$280/w
22 Aug 2006
  • 12 Dec 2018
    Sold for $1,280,000
  • 31 Oct 2018
    Listed for Sale Not Disclosed
  • 25 Nov 2013
    Listed for Sale Not Disclosed
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About Carnegie 3163

The size of Carnegie is approximately 3.7 square kilometres. It has 5 parks covering nearly 6.0% of total area. The population of Carnegie in 2016 was 17388 people. By 2021 the population was 17909 showing a population growth of 3.0% in the area during that time. The predominant age group in Carnegie is 30-39 years. Households in Carnegie are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Carnegie work in a professional occupation.In 2021, 55.10% of the homes in Carnegie were owner-occupied compared with 52.40% in 2016.

Carnegie has 11,888 properties. Over the last 5 years, Houses in Carnegie have seen a 14.68% increase in median value, while Units have seen a 2.68% increase. As at 31 December 2025:

  • The median value for Houses in Carnegie is $1,723,426 while the median value for Units is $652,067.
  • Houses have a median rent of $600 while Units have a median rent of $575.
There are currently 22 properties listed for sale, and 17 properties listed for rent in Carnegie on OnTheHouse. According to Cotality's data, 568 properties were sold in the past 12 months in Carnegie.

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