An unparalleled opportunity to acquire freehold commercial property in the heart of Dandenong's thriving CBD, offering approx. 652m² of total land area with dual street frontages to Lonsdale Street and Walker Street. With a secure rental income of $345,000 p.a. and long-term development potential (STCA), this property is ideal for investors and developers alike.
Propery overview
243-245 Lonsdale Street
• Prominent Lonsdale Street frontage in a high foot-traffic location
• Three-level premises leased to secure tenants
• Strong existing tenancy contributing to steady rental income
• Well-connected internally with lift access
73-75 Walker Street
• Two-level building with a secured lease in place
• Currently leased, contributing to the combined rental income.
Note: Both buildings are internally connected, offering flexibility and efficiency for tenants or future redevelopment.
Investment Highlights:
• Combined landholding: Approx. 652m²
• Rental income: $345,000 per annum
• COMPREHENSIVE DEVELOPMENT ZONE - versatile use and development scope
• Significant future development potential (STCA) - retail, office, mixed-use or boutique residential
• Rear access and connection between both sites
• Excellent exposure, surrounded by national retailers, government offices, and major civic amenities
Prime Location Benefits:
• Located within the heart of the Dandenong Activity Centre
• Minutes to Dandenong Plaza, Dandenong Market, train station, and arterial roadways
• Supported by major infrastructure investment and urban renewal projects
• Part of Greater Dandenong - one of Victoria's fastest-growing business hubs
Act Now
Opportunities of this scale and quality in central Dandenong are rare. With secure income in place and massive future potential, this dual-title asset is not to be missed.
For further information Contact Nitin on 0416 417 297 OR Sunny on 0433 168 822.
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