FOR SALE
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255 - 263 Lonsdale Street
Dandenong VIC 3175

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1650m2
Land area: 1100m2
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PROMINENT HIGH-PROFILE BUILDING!

LJ Hooker Dandenong is proud to present 255-263 Lonsdale Street, Dandenong for sale. This exceptional property, located in the heart of Dandenong's bustling retail and commercial district, offers a remarkable investment opportunity with the following key highlights:
Premium Freehold: Featuring a substantial street frontage of 25 meters* and on-site parking for 10 vehicles, accessible via Thomas Street at the rear.
1650 sqm* APPROX of lettable area across 2 levels of retail and commercial tenancies.
Secure Long-Term Tenant: Leased to well-established businesses, including a retail outlet, and a snooker club, as of June 2024. Tenants pay all outgoings.
Established Presence: The reception hall on the first floor is leased to a well-managed business and pays all outgoings.
Reliable Income: The property generates a strong annual income of $360,000 as of October 2024, with annual CPI increases. The current lease runs through to 2029, with further options available.
Future Growth Potential: Dandenong set for mega makeover, $2 billion boost to create second capital city | 7NEWS
Dandenong will almost be unrecognizable when a $2 billion redevelopment is complete. The planning minister recently approved it, with the goal of creating a second capital city.
Prime Location: Situated in the core of Dandenong's commercial, retail, and residential hub, surrounded by national retailers, prominent corporations, government entities, non-profit organizations, and leading medical institutions.
Highly desirable 'Comprehensive Development Zone' (CDZ2) landholding providing significant future development upside STCA.
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Property Details for 255 - 263 Lonsdale St, Dandenong

Building Type
Commercial
Floor Size
1650m2
Land Size
1100m2

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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 18,136 properties. Over the last 5 years, Houses in Dandenong have seen a 21.39% increase in median value, while Units have seen a 18.05% increase. As at 30 November 2024:

  • The median value for Houses in Dandenong is $770,448 while the median value for Units is $433,110.
  • Houses have a median rent of $530 while Units have a median rent of $450.
There are currently 92 properties listed for sale, and 30 properties listed for rent in Dandenong on OnTheHouse. According to CoreLogic's data, 825 properties were sold in the past 12 months in Dandenong.

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