OFF MARKET

6-10 Lace Street
Eumemmerring VIC 3177

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 7148m2
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Property Details for 6-10 Lace St, Eumemmerring

Building Type
Land
Land Size
7148m2
Local Government
Casey
Lot/Plan
CP162219

Last Listing description (June 2022)

JLL is pleased to offer for sale by Expressions of Interest, 6-10 Lace Street, Dandenong.

This site offers an unrivaled opportunity to invest, develop or eventually occupy this unbelievably rare land offering.

This site features 7,143sqm of total land area, with fully concreted hardstand and quality improvements of clear span warehouse and offices. This tightly held industrial pocket of Dandenong boasts best in class arterial connection with direct access to the South Gippsland Freeway (M420) & Monash Freeway (M1) as well as extremely close proximity to Eastlink (M3) and South Gippsland Highway.

Expressions of Interest closing Thursday 26th May 2022 at 2pm (AEST)

This unique opportunity features:

- 7,143sqm of total land area
- Total building area of 843sqm
- Site is comprised of fully concreted hardstand, with drive around access
- Dual wide crossovers, offering ideal access for B-double and Semi trucks.
- Quality improvements including clear span warehouse with dual doors and office area
- Sold as a going concern, with lease expiring March 2023, tenant currently paying $202,145 p.a + GST + Outgoings
- Regularly shaped allotment offering a plethora of future development pathways (STCA)
- Industrial 1 Zoned
- Direct access to South Gippsland Freeway (M420) & Monash Freeway (M1) offering unrivalled connection to both Greater and outer South-Eastern suburbs of Melbourne
- Blue chip location, with regularly shaped allotments in Dandenong becoming in extremely short supply
- Close to established residential catchments including Hallam, Doveton and Dandenong

10% deposit required with the balance payable at settlement in 30, 60 or 90 days.

This offering is to be sold by Expressions of Interest closing Thursday, 26th May 2022 at 2pm (AEST), unless sold prior.
For further information including information memorandum, contract of sale and section 32 contact the exclusive agents.

Property History for 6-10 Lace St, Eumemmerring, VIC 3177

A timeline of how this property has performed in the market
Last Sold
$6,350,000
08 Jun 2022
  • 08 Jun 2022
    Sold for $6,350,000
  • 27 Apr 2022
    Listed for Sale Contact Agent
  • 21 Aug 2020
    Sold for $3,050,000
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About Eumemmerring 3177

The size of Eumemmerring is approximately 1.1 square kilometres. It has 8 parks covering nearly 17.6% of total area. The population of Eumemmerring in 2011 was 1,851 people. By 2016 the population was 1,950 showing a population growth of 5.3% in the area during that time. The predominant age group in Eumemmerring is 30-39 years. Households in Eumemmerring are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Eumemmerring work in a trades occupation. In 2011, 57.3% of the homes in Eumemmerring were owner-occupied compared with 56.6% in 2016.

Eumemmerring has 1,312 properties. Over the last 5 years, Houses in Eumemmerring have seen a 31.69% increase in median value, while Units have seen a 33.69% increase. As at 31 October 2024:

  • The median value for Houses in Eumemmerring is $651,462 while the median value for Units is $528,540.
  • Houses have a median rent of $530 while Units have a median rent of $465.
There are currently 9 properties listed for sale, and no properties listed for rent in Eumemmerring on OnTheHouse. According to CoreLogic's data, 65 properties were sold in the past 12 months in Eumemmerring.

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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.