4/20-22 Old Dandenong Road, Oakleigh South, VIC 3167 | Commercial for sale | OnTheHouse
 
FOR SALE
$600,000 to $640,000

4/20-22 Old Dandenong Road
Oakleigh South VIC 3167

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 100m2
Land area: 138m2
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Grab this Opportunity - Leased to Magic Bros Pizzeria!

This retail property located in an established neighbourhood shopping strip, is currently trading as Magic Brothers Pizzeria, and only metres from Warrigal Road arterial, the Dingley bypass and is perfect start or addition to your investment portfolio.
Key features include:
* Secure tenancy in place
* Development Opportunity (STCA)
* Five year lease commencing on 6th April 2025
* Further options of 5 years + 5 years
* Returning $36,363.64 plus GST & Outgoings
* Total Land Area 138 m2 approx
* Building Area 100 m2 approx
* Open laneway at the rear with 2 car spaces
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Property Details for 4/20-22 Old Dandenong Rd, Oakleigh South

Building Type
Commercial
Floor Size
100m2
Land Size
138m2
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About Oakleigh South 3167

The size of Oakleigh South is approximately 6.7 square kilometres. It has 17 parks covering nearly 30.5% of total area. The population of Oakleigh South in 2016 was 9261 people. By 2021 the population was 9851 showing a population growth of 6.4% in the area during that time. The predominant age group in Oakleigh South is 30-39 years. Households in Oakleigh South are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Oakleigh South work in a professional occupation.In 2021, 74.00% of the homes in Oakleigh South were owner-occupied compared with 74.90% in 2016.

Oakleigh South has 5,336 properties. Over the last 5 years, Houses in Oakleigh South have seen a 26.20% increase in median value, while Units have seen a 18.22% increase. As at 31 October 2025:

  • The median value for Houses in Oakleigh South is $1,267,175 while the median value for Units is $790,097.
  • Houses have a median rent of $675 while Units have a median rent of $595.
There are currently 18 properties listed for sale, and 12 properties listed for rent in Oakleigh south on OnTheHouse. According to Cotality's data, 192 properties were sold in the past 12 months in Oakleigh south.

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Alex Vouladas
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Con Stefanidis
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CENTURY 21 Property Group
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