SOLD
Sold on 26 Oct 2023 for $2,420,000

1536-1538 Heatherton Road
Dandenong VIC 3175

Bedrooms: 3
Bathrooms: -
Car spaces: -
Land area: 1652m2
Save

Property Details for 1536-1538 Heatherton Rd, Dandenong

Building Type
Commercial
Land Size
1652m2
Local Government
Greater Dandenong
Lot/Plan
7/LP28449

Last Listing description (November 2023)

Positioned on a major arterial with accessibility to Eastlink (M3) tollway and Monash Freeway (M1) as well as several major shopping precincts including the iconic Dandenong Markets, Melbourne's 2nd largest market.
Great street frontage to showcase your business on busy Heatherton Road with approx. 26,000 commuters passing the site daily.
Demand for childcare in the catchment areas, averaging 4.44 children aged 0-5 years per place for long day places.

Located in an educational precinct with 4 schools located within a 1.5km radius and a combined total of more than 3,000 students between them.
Long day care fees in this catchment are as high as $140 per child per day.
Less than 400m from Dandenong Oasis, with a $60 million redevelopment of the Recreational & Wellbeing centre planned for 2023 and completion estimated for 2025.
The Victorian Government has committed $290 million to the Revitalising Central Dandenong (RCD) initiative which will inject $600 million into the Dandenong economy during its development and construction phase.
Located in the City of Greater Dandenong which is experiencing steady and sustained growth that offers outstanding potential for this architect designed centre with stunning features.
Easy access to amenities with The Armada Dandenong Plaza and Endeavour Hills Shopping Centre both within a 3km radius.
Located in the City of Greater Dandenong, between 2021 and 2031 the population for the area is projected to increase from 64,976 to 69,560 residents.
Land Size: 1,652m2 (approx.) | Building Area: 583m2 (approx.)
Lease terms: 15 + 10 + 10
Rent Reviews: 3.5% fixed annual review

UNDER OFFER!

Contact Wendy Zhou 0422 011 188 to receive a detailed information memorandum and lease documentation.

********

ASL Real Estate and/or their agents, for themselves and for the vendor of this property for whom they act give notice that (i) All information given in relation to this property, whether contained in this document or given orally, is given without responsibility, (ii) Intending purchasers should satisfy themselves as to the accuracy or truth of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. (iii) No person in the employment of ASL Property Group has any authority to make or give any representation or warranty.

PLEASE NOTE: ANY IMAGES RELATING TO THIS PROPERTY ARE INDICATIVE ONLY

By sending an enquiry to Australian Sales and Leasing you agree to be marketed to in the future for similar properties through email alerts/SMS messages. This is at NO COST to you and at any time you wish to cancel your subscription please simply reply STOP.

http://www.consumer.vic.gov.au/duediligencechecklist

Property History for 1536-1538 Heatherton Rd, Dandenong, VIC 3175

A timeline of how this property has performed in the market
Last Sold
$2,420,000
26 Oct 2023
Listed for Rent
$328k/w
23 Nov 2023
  • 26 Oct 2023
    Sold for $2,420,000
  • 10 Oct 2023
    Listed for Rent - Price not available
  • 18 Aug 2023
    Listed for Sale Contact Agent
Sign in to see more transactions

Commute Calculator

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 28 properties listed for rent in Dandenong on OnTheHouse. According to CoreLogic's data, 756 properties were sold in the past 12 months in Dandenong.

    Suburb Insights for Dandenong 3175

    Market Insights
    Trends for Houses
    Median Value

    N/A

    -
    View Trend
    Median Growth

    N/A

    View Trend
    Median Rent

    N/A

    -
    View Trend
    Rental Yield

    N/A

    -
    View Trend


    Median Value over 1 year
    Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
    Trends for Units
    Median Value

    N/A

    -
    View Trend
    Median Growth

    N/A

    View Trend
    Median Rent

    N/A

    -
    View Trend
    Rental Yield

    N/A

    -
    View Trend


    Median Value over 1 year
    Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
    Neighbourhood Insights
    Age
    Household
    Occupancy
    No data to show
    Contact agent
    Jonathan Lan
    Show contact details
    ASL Real Estate
    Preferred contact:
    Disclaimer
    Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.