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835 Mount Dandenong Road
Montrose VIC 3765

Bedrooms: -
Bathrooms: -
Car spaces: 25
Floor area: 220m2
Land area: 990m2
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Thriving Restaurant Investment in High-Traffic Location

Ray White Commercial proudly presents an exceptional investment opportunity at 835 Mount Dandenong Road.
This property offers immediate income and a strong foundation for your investment:
Thriving Restaurant with Loyal Clientele: A well-established Chinese restaurant with over 20 years of history operates on the premises, attracting a steady customer base.
Secure Income Stream: The secure lease generates a stable annual income of $52,000, and it was recently renewed (for three years starting July 1, 2024, with a three-year renewal option).
Prime Location for Success: The property enjoys high visibility due to its prominent location on the main road, ensuring excellent customer traffic and convenient access. Ample on-site parking (up to 25 spaces) adds to the convenience factor.
Turn-Key Investment: well-maintained space with a successful business already in operation. This minimizes upfront costs and allows you to start earning income immediately.
Strategic Investment: The location near public transport, quality schools, and within an hour's reach of Melbourne CBD ensures a steady flow of potential customers and employees.
High-Level Features:
• Significant Land Holding: 900 sqm
• Building Size: 220 sqm
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Property Details for 835 Mount Dandenong Rd, Montrose

Building Type
Commercial
Floor Size
220m2
Land Size
990m2

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About Montrose 3765

The size of Montrose is approximately 11.1 square kilometres. It has 15 parks covering nearly 26.7% of total area. The population of Montrose in 2011 was 6,732 people. By 2016 the population was 6,761 showing a population growth of 0.4% in the area during that time. The predominant age group in Montrose is 40-49 years. Households in Montrose are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Montrose work in a trades occupation. In 2011, 84.6% of the homes in Montrose were owner-occupied compared with 85.3% in 2016.

Montrose has 2,781 properties. Over the last 5 years, Houses in Montrose have seen a 33.14% increase in median value, while Units have seen a 13.97% increase. As at 30 September 2024:

  • The median value for Houses in Montrose is $959,778 while the median value for Units is $633,500.
  • Houses have a median rent of $675 while Units have a median rent of $445.
There are currently 5 properties listed for sale, and no properties listed for rent in Montrose on OnTheHouse. According to CoreLogic's data, 105 properties were sold in the past 12 months in Montrose.

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