48 Dandenong StreetDandenong VIC 3175
Property Details for 48 Dandenong St, Dandenong
Last Listing description (October 2023)
WAREHOUSE/OFFICE AREA: 1100 sqm approx*
HUGE LANDHOLDING OF: 1493 sqm approx*
OFFERED WITH VACANT POSSESSION OR SHORT TERM LEASE
EXPRESSIONS OF INTEREST CLOSING THURSDAY 31st AUGUST AT 5:00 PM.
This expansive commercial premise, spanning an impressive 1100 sqm, presents a compelling opportunity for investors and business operators seeking to capitalise on prime real estate in one of Melbourne's thriving growth corridors. Ideally situated within a well-planned industrial hub, the site is currently utilised as an automotive workshop but holds immense potential for a diverse range of operations.
The property boasts a secured gated entry, onsite parking, roller door access to a huge factory floor, two enclosed offices, a workshop area, and a fully equipped kitchen. Additionally, the building offers the convenience of separate male and female bathrooms and multiple storage rooms, including a spacious upper level storage facility.
Strategically and centrally located, with easy access to major transport links including Dandenong Station, Dandenong Bypass, Eastlink arterial, and the Monash Freeway. Don't miss the chance to establish your enterprise in this thriving commercial space.
* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation.
Property History for 48 Dandenong St, Dandenong, VIC 3175
- 15 Sep 2023Sold for $2,220,000
- 28 Jul 2023Listed for Sale $2,100,000 - $2,300,000
- 01 Dec 2008Sold for $775,000
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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 17,966 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:
- The median value for Houses in Dandenong is $745,135 while the median value for Units is $422,885.
- Houses have a median rent of $520 while Units have a median rent of $430.
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