330 Lower Dandenong RoadMordialloc VIC 3195
Property Details for 330 Lower Dandenong Rd, Mordialloc
Last Listing description (November 2023)
Gross Waddell ICR is pleased to offer 330 Lower Dandenong Road, Mordialloc for sale via Expressions of Interest closing Wednesday 6th December 2023 at 3pm.
The asset presents an opportunity to acquire a strategically positioned industrial landholding in one of Melbourne's most tightly held industrial precincts.
Offered with short term leases in place this property offers the ultimate opportunity for developers looking to build strata office/warehouses or owner occupiers to use and expand on the current improvement or redevelop to their requirements.
Key features include:
Substantial land area: 8,000sqm*
Building area: 3,055sqm*
High exposure location with over a 59 metre* frontage to Lower Dandenong Road
Two separate tenancies short term leases
Strong holding income
Industrial 1 Zone (IN1Z)
High clearance sheds and gantry cranes throughout
Potential multi-unit development opportunity (STCA)
Surrounded by global and national brands
Occupy, develop (STCA) or invest
For more information or to organise an inspection, please contact Gross Waddell ICR directly.
*Approx.
Property History for 330 Lower Dandenong Rd, Mordialloc, VIC 3195
- 15 Dec 2023Sold for $8,052,500
- 02 Nov 2023Listed for Sale Contact Agent
- 14 Apr 2011Sold for $1,680,000
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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.
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