115 South Gippsland HighwayDandenong South VIC 3175
Property Details for 115 South Gippsland Hwy, Dandenong South
Last Listing description (December 2022)
GO Commercial Industrial is extremely excited to bring the iconic Lunar Drive-In to the market For Sale via an Expressions of Interest Campaign.
The Drive-In commenced operations back in 1956 prior to which the site was used for farming purposes.
115 South Gippsland Highway has significant frontage to both South Gippsland Highway and Hallam Valley Road. The South Gippsland Highway frontage provides huge exposure to high levels of passing traffic.
Key Features:
Significant 5.92 hectare* site (59,202 sqm*)
Commercial 2 zoning
277 metres of combined frontage
Excellent access to Dandenong Bypass, Princes Highway, Monash Freeway and Eastlink
This signature property presents the successful purchaser with the opportunity to re-develop the site to a higher and better use.
For Sale via Expressions of Interest closing Wednesday 23rd November at 5.00pm.
Under instructions from LDB Group.
*Approximately
Property History for 115 South Gippsland Hwy, Dandenong South, VIC 3175
- 08 Dec 2022Sold for $37,750,000
- 27 Oct 2022Listed for Sale VIA EOI CLOSING 23 NOVEMBER AT 5PM
- 21 Jan 2016Sold for $5,860,000
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0About Dandenong South 3175
The size of Dandenong South is approximately 29.4 square kilometres. It has 12 parks covering nearly 1.9% of total area. The population of Dandenong South in 2011 was 360 people. By 2016 the population was 171 showing a population decline of 52.5% in the area during that time. The predominant age group in Dandenong South is 50-59 years. Households in Dandenong South are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Dandenong South work in a machinery operators and drivers occupation. In 2006, 20% of the homes in Dandenong South were owner-occupied compared with 35.3% in 2011.
Dandenong South has 4,932 properties. Over the last 5 years, Houses in Dandenong South have seen a 13.23% increase in median value, while Units have seen a 59.88% increase. As at 31 August 2024:
- The median value for Houses in Dandenong South is $794,809 while the median value for Units is $821,509.
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