SOLD
Sold on 11 Apr 2024 for $13,000,000

292-306 Lower Dandenong Road
Mordialloc VIC 3195

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 11760m2
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Property Details for 292-306 Lower Dandenong Rd, Mordialloc

Building Type
Commercial
Land Size
11760m2
Local Government
Kingston
Lot/Plan
1/LP208826

Last Listing description (November 2023)

Stonebridge Property Group is pleased to present for sale 292-306 Lower Dandenong Road, Mordialloc.

The key highlights of the opportunity include:

- 11,760 sqm* of prime industrial land situated within a last mile logistics location offering the ability to owner occupy, invest or add value

- Total building area of 5,268 sqm* consisting of cold storage and food processing facility bolstered by high clearance roller doors and fully self-contained amenities with an internal ceiling height of 8.2 m* in the warehouse component

- 67% of the property is occupied by the existing warehouse, with office occupying 18%, followed by cold storage facilities with temperature control (15%) allowing for a multitude of uses

- Expansive 151 m* of frontage to Lower Dandenong Road allowing for excellent exposure, private parking on-site with the property having its own set of traffic lights

- Dual access from both Lower Dandenong Road and Sibthorpe Street allowing for ease of loading and unloading directly into the property

- Located within the tightly held Mordialloc industrial precinct with direct access to the new Mordialloc freeway (1.2 km*) and Nepean Highway (2.9 km*)

- Zoned Industrial 1 (IN1Z) allowing for manufacturing and the storage and distribution of goods

- Directly opposite Moorabbin airport surrounded by national retailers and businesses including Brighton BMW Mentone, National Storage Mordialloc and Chifley Business Park South

292-306 Lower Dandenong Road, Mordialloc presents a rare opportunity to acquire a prime industrial landholding in Mordialloc.

To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.

Dylan Kilner
0459 396 341

Jacob Biviano
0416 088 586

Rorey James
0439 400 081

Chao Zhang
0411 625 068

* Approximately

Property Code: 787

Property History for 292-306 Lower Dandenong Rd, Mordialloc, VIC 3195

A timeline of how this property has performed in the market
Last Sold
$13,000,000
11 Apr 2024
Listed for Rent
21 Feb 2019
  • 11 Apr 2024
    Sold for $13,000,000
  • 19 Oct 2023
    Listed for Sale Contact the Stonebridge Team
  • 23 Nov 2018
    Listed for Rent $90,000 / year
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About Mordialloc 3195

The size of Mordialloc is approximately 4.4 square kilometres. It has 18 parks covering nearly 24.6% of total area. The population of Mordialloc in 2011 was 7,536 people. By 2016 the population was 8,160 showing a population growth of 8.3% in the area during that time. The predominant age group in Mordialloc is 40-49 years. Households in Mordialloc are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mordialloc work in a professional occupation. In 2011, 67.7% of the homes in Mordialloc were owner-occupied compared with 66.2% in 2016.

Mordialloc has 5,515 properties. Over the last 5 years, Houses in Mordialloc have seen a 15.03% increase in median value, while Units have seen a 13.11% increase. As at 31 October 2024:

  • The median value for Houses in Mordialloc is $1,319,900 while the median value for Units is $721,054.
  • Houses have a median rent of $670 while Units have a median rent of $550.
There are currently 18 properties listed for sale, and 11 properties listed for rent in Mordialloc on OnTheHouse. According to CoreLogic's data, 234 properties were sold in the past 12 months in Mordialloc.

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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.