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2-8 Olive Street
Dandenong VIC 3175
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2-8 Olive Street Dandenong VIC 3175

  • Development / Land
  • 3,402 m²
  • Expressions of Interest

Permit Approved Development Moments From Dandenong CBD

  • Prime 3,400 sqm* Site
  • DA for 17 Townhouses
  • Valuable GR1 Zoning

Burgess Rawson and Gross Waddell ICR are pleased to offer to the market 2-8 Olive Street, Dandenong for sale via Expressions of Interest closing Wednesday 22nd May at 3:00pm.

This opportunity has the following key investment highlights:

Expansive 3,402 sqm* site that is rectangular in shape and features a frontage of 73m*

Permit approved development for 17 architecturally designed double storey townhouses including 8 x 3 bedrooms and 9 x 4 bedrooms; with a blended average townhouse size of 187 sqm*

Valuable General Residential zoning (GRZ1) spread across 4 existing house lots, providing the ultimate in flexibility and upside

Thoughtfully designed residential development with all units including storage area, two (2) car spaces and the ultimate of indoor and outdoor living

Boasting short term holding income via month to month residential tenancies, returning $75,840 pa*

Strategic position only 300m* from Dandenong CBD and moments to Princes Highway, Cheltenham Road, Dandenong Valley Highway, Heatherton Road, Monash Freeway and Eastlink

Dandenong: Popular south-eastern metropolitan suburb only 28km* from Melbourne CBD with a median price of $697,000^

City of Greater Dandenong: Home to 164,484 people, expected to increase by 15.4% to 189,891 by 2036** supporting 114,506 jobs with an annual economic output of $57.2 billion.***

The property is for sale via Expressions of Interest closing Wednesday 22nd May at 3:00pm.

To discuss this property further, please contact any of the exclusively appointed agents below.

*Approx
** Victoria in Future 2023
*** REMPLAN
^***

EXPRESSION OF INTEREST

Closing date and time22/05/2024 15:00
Recipient nameAsk Agent
Delivery addressAsk Agent

Property Highlights

Floor Area3,402 m²
Land Area3,402 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019192757
Category
Last updated  30 Apr 2024
Map for 2-8 Olive Street Dandenong VIC 3175

Property Highlights

Floor Area3,402 m²
Land Area3,402 m²
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019192757
Category
Last updated  30 Apr 2024

Co-Agents

David Napoleone
Burgess Rawson VIC Pty Ltd
Call
0417 308 067
Zomart He
Zomart He
Burgess Rawson VIC Pty Ltd
Call
0488 220 830
Glenn Ye 叶格林
Gross Waddell ICR Pty Ltd
Call
0400 880 388
Danny Clark
Gross Waddell ICR Pty Ltd
Call
0448 066 889

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