243-245 Lonsdale Street, DANDENONG, VIC
Prime Dual Frontage CBD Freehold
For Sale | Public Auction Wednesday, 17 June, at 1pm on site
Instant access to key occupiable levels
GST free sale - via going concern ruling
Flexible planning. No height restriction
Facey Property is proud to offer this property for sale by way of Public Auction Wednesday, 17 June, at 1pm on site.
This substantial, partly income producing freehold commercial asset occupies a highly sought after ground floor position with prominent frontage to both Lonsdale Street and Walker Street. The property benefits from existing passing income, while the remaining levels are offered with immediate vacant possession, providing flexibility for owner occupation, future expansion, or immediate business commencement. Additional upper level accommodation is available if required, further enhancing the asset’s versatility, future leasing potential, and long term value.
Comprising two internally connected buildings with dual street frontage, the property enjoys excellent exposure, strong income fundamentals, and longer term redevelopment upside subject to approval. Lift access from Lonsdale Street services the upper levels, improving accessibility, operational efficiency, and overall appeal.
The combined site extends to approximately 652 square metres of land with a total building area of approximately 1,430 square metres across multiple levels. Operated as a single integrated holding, the asset provides an estimated minimum annual income of approximately $345,000 per annum when fully leased. Actual current passing rent is approximately $213,500 PA.
Zoned Comprehensive Development Zone (Schedule 2) and located within the Dandenong Metropolitan Activity Centre, the property supports a wide range of commercial, mixed use, and higher density multi storey outcomes, subject to approval. Positioned moments from Dandenong Plaza, major transport hubs, and key civic infrastructure, this represents a compelling opportunity for investors, owner occupiers, or land bankers within one of Melbourne’s fastest growing south eastern centres.
Enquire at www.faceyproperty.com.au to make your next move
TERMS: 10% Deposit, balance 30/60/90 days.