Teska Carson is marketing a highly versatile retail/showroom/office property at Carnegie with vacant possession. The property will be auctioned on Thursday, February 25, at 11am on site by marketing agent, Teska Carson Director George Takis.

The 274A, B, & C Neerim Road property, a 392 square metre ground floor area, is part of a quality five level, 52 apartment, residential and retail project developed by renowned local developer, Jonathan Hallinan’s BPM.

Located within one of Melbourne’s most tightly held suburban retail strips, the property, to be sold as one, comprises three strata-titled spaces, one of which includes a grease trap and ventilation for a kitchen. There are also five undercover car spaces.

At a Glance:

• Location within a highly regarded retail and commercial precinct;
• 392sqm of space;
• Three strata titles;
• 5 Undercover on-site parking spaces;
• 43 metre street exposure;
• Ground floor of a residential development; 
• Vacant possession.

The property benefits from exceptional street presence on the highly exposed corner of Kokaribb Road with a combined 43 metres street frontage to a high level of passing traffic. The precinct boasts an abundance of lifestyle amenities including close proximity to Carnegie railway station and tram routes.

According to marketing agent, Teska Carson Director George Takis, “the property presents an excellent opportunity for investors to gain a foothold within a coveted and tightly held retail and commercial precinct.”

“Neerim Road, Carnegie is a well-known and coveted retail precinct, populated by leading national retailers, supermarkets including Woolworths and Aldi and major banks, well-regarded cafes and restaurants and many boutique stores.”

“The property offers a great opportunity to break into that highly regarded market in an area which will continue to see strong capital growth on the back of continued residential and commercial development,’’ Mr Takis said.

He said what was a very attractive and desirable property was likely to attract interest from buyers seeking a quality investment in a prime location.

“This is an investment option well worth consideration on a number of levels, including the location, exposure and its excellent growth prospects, but it also offers the potential for multi-tenancy income,’’ Mr Takis said.

The property will be auctioned on Thursday, February 25, at 11am on site by marketing agent, Teska Carson Director George