FOR SALE
$495,000

70/22 Dunn Crescent
Dandenong VIC 3175

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 211m2
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Fantastic Little Investment!

Discover this fantastic little investment located in a highly sought-after location just a short distance from East Link. This industrial property offers an incredible opportunity for savvy investors looking to expand their portfolio.
The property is currently securely leased through to October 2024. Additionally, there is a two-year option available to the tenant potentially extending the tenancy through to 2026.
This property also offers numerous opportunities for value-add improvements in the future. The property includes rear roller door access and on-title car parking.
Tenancy Details:
Rental: $20,045.04pa plus GST
Lease Start: 01/11/2022
Term: Two (2) years
Lease Expiry: 31/10/2024
Further Terms: Two (2) years
Increases: CPI annually, Market at expiry
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Property Details for 70/22 Dunn Cres, Dandenong

Building Type
Commercial
Floor Size
211m2

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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 17,902 properties. Over the last 5 years, Houses in Dandenong have seen a 28.07% increase in median value, while Units have seen a 16.16% increase. As at 30 September 2024:

  • The median value for Houses in Dandenong is $762,784 while the median value for Units is $423,972.
  • Houses have a median rent of $530 while Units have a median rent of $440.
There are currently 115 properties listed for sale, and 32 properties listed for rent in Dandenong on OnTheHouse. According to CoreLogic's data, 783 properties were sold in the past 12 months in Dandenong.

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Patrick Morrison
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Steve Aylen
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