229 Thomas Street Dandenong VIC 3175

Raine & Horne Land Victoria is proud to present 229 Thomas Street, Dandenong to the market - a unique opportunity to secure a substantial, high-profile freehold in the heart of Dandenong's thriving central activity centre.

This versatile 8-level building offers outstanding potential for investors. With a flexible layout and strong fundamentals, the property suits a wide range of uses, including serviced accommodation, permanent residential investment, strata subdivision (STCA), or mixed retail/residential operation.

Key Features:

Property Highlights:
• Prominent 8-Level Standalone Building
Total building area of approx. 3,440sqm (completed in 2017) plus 3 Level car park.
• Versatile Accommodation Layout
47 apartments and studios, ranging from 29sqm to 93sqm, ideal for short-stay, student housing, or long-term leasing
• Ground Floor Retail & Amenities
Includes 2 retail shops, a reception foyer, gym, and meeting rooms
• Secure On-Site Parking
24 basement and upper-level car parks, with efficient access via large commercial car lift
• Land Area:
Approx. 784sqm with dual street access
• Additional Investment Upside
Opportunity to strata-title and sell down individually (STCA)
• Business Operation Available
Established operational business
• Prime Location
Situated in Melbourne's 2nd largest CBD, a high-growth hub with substantial infrastructure investment and private sector development
• Superior Connectivity
Close proximity to public transport, major arterials, and key retail and lifestyle precincts

THE OPPORTUNITY
• Invest in a secure, high-yielding asset with strong holding income
• Occupy & reposition as boutique hotel, co-living, or student accommodation
• Add value through lease optimisation or strata subdivision
• 'Set and forget' income generator with long-term upside in a revitalising precinct

Take advantage of favourable market conditions and unlock the full potential of this high-profile Dandenong asset.

For further information or to arrange a private inspection, contact Sunny Hurne 0433 168 822 & Nitin Kumar 0416 417 297.

Interested parties should conduct their due diligence prior to making any submissions. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.

Due Diligence Checklist -
http://www.consumer.vic.gov.au/duediligencechecklist