255/263 Lonsdale Street Dandenong VIC 3175

LJ Hooker Dandenong is proud to present 255-263 Lonsdale Street, Dandenong for sale. This exceptional property, located in the heart of Dandenong's bustling retail and commercial district, offers a remarkable investment opportunity with the following key highlights:

Premium Freehold: Featuring a substantial street frontage of 25 meters* and on-site parking for 10 vehicles, accessible via Thomas Street at the rear.
1650 sqm* APPROX of lettable area across 2 levels of retail and commercial tenancies.

Secure Long-Term Tenant: Leased to well-established businesses, including a retail outlet, and a snooker club, as of June 2024. Tenants pay all outgoings.

Established Presence: The reception hall on the first floor is leased to a well-managed business and pays all outgoings.
Reliable Income: The property generates a strong annual income of $360,000 as of October 2024, with annual CPI increases. The current lease runs through to 2029, with further options available.

Future Growth Potential: Dandenong set for mega makeover, $2 billion boost to create second capital city | 7NEWS
Dandenong will almost be unrecognizable when a $2 billion redevelopment is complete. The planning minister recently approved it, with the goal of creating a second capital city.

Prime Location: Situated in the core of Dandenong's commercial, retail, and residential hub, surrounded by national retailers, prominent corporations, government entities, non-profit organizations, and leading medical institutions.

Highly desirable 'Comprehensive Development Zone' (CDZ2) landholding providing significant future development upside STCA.

Current lease:
255-259 LONSDALE STREET, DANDENONG, VIC 3175 455 m²
- Leased to Bar
- Current rent $93,000 per annum plus GST
- Lessee pays all outgoings
- Lease terms: 4+4
- Fixed rent increases of 3%
- 24-04-2017 rent commencement
- Security deposit $17,100

261-263 LONSDALE STREET, DANDENONG, VIC 3175 567 m²
- Leased to Retails Rugs
- Current rent $90,000 per annum including GST
- Lessee pays all outgoings
- 01-08-2024 rent commencement
- Lease terms: 5+5+5
- Security deposit $16,500

1/261-263 LONSDALE STREET, DANDENONG, VIC 3175 650 m²
- Leased to Maiwand Reception Hall
- Current rent $163,636.36 per annum plus GST
- Lessee pays all outgoings
-10-09-2022 rent commencement
- Lease terms: 5+5+5
- Fixed rent increases of 4%
- Security deposit $15,000