This property may look small but is truly worth taking a look at. This property is located in the heart of Dandenong and is walking distance to everything you need. The land area of this property is 210m with four separate offices totalling 120m each. The current tenant has a lease until early September 2019; they may negotiate a new lease & term with the successful purchaser. The property features:
* Current return is $41,987pa
* Great set up originally scoped as medical for 2 practitioners in 2003
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 17,966 properties. Over the last 5 years, Houses in Dandenong have seen a 26.84% increase in median value, while Units have seen a 17.96% increase. As at 31 August 2024:
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