FOR SALE
$14,500,000 - $15,500,000

229 Thomas Street
Dandenong VIC 3175

Bedrooms: 48
Bathrooms: 48
Car spaces: 10
Land area: 766m2
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The Brief: Prime Freehold Accommodation for Sale in South East Melbourne

Its Addressed:
Location: Situated in the heart of Dandenong, minutes from Dandenong Hospital and the industrial zone.
Overview: This well-maintained freehold accommodation boasts 48 rooms catering to both corporate and regular clientele. Established for over 5 years, it offers a variety of room types and includes private car parks.
Key Features:
Built in 2017
Approximately 35 km from CBD
Fully managed operation
80% occupancy rate
Annual Accommodation Revenue: $2.1M
Rental Income (if freehold purchase): $900,000 + GST annually
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Property Details for 229 Thomas St, Dandenong

229 Thomas St, Dandenong is a 48 bedroom, 48 bathroom Apartment with 10 parking spaces. The property has a land size of 766m2. The place is currently for sale with AREA SPECIALIST KEYSBOROUGH.

Building Type
Apartment
Land Size
766m2

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About Dandenong 3175

The size of Dandenong is approximately 11.3 square kilometres. It has 22 parks covering nearly 16.6% of total area. The population of Dandenong in 2011 was 24,919 people. By 2016 the population was 29,910 showing a population growth of 20.0% in the area during that time. The predominant age group in Dandenong is 20-29 years. Households in Dandenong are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Dandenong work in a trades occupation. In 2011, 42.8% of the homes in Dandenong were owner-occupied compared with 39.7% in 2016.

Dandenong has 17,947 properties.

    There are currently 121 properties listed for sale, and 27 properties listed for rent in Dandenong on OnTheHouse. According to CoreLogic's data, 744 properties were sold in the past 12 months in Dandenong.

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    Dheeraj Singh
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    Dee Kawsar
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    AREA SPECIALIST KEYSBOROUGH
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