402-404 Lower Dandenong RoadBraeside VIC 3195
Property Details for 402-404 Lower Dandenong Rd, Braeside
Last Listing description (August 2021)
Brand new net 12 year lease to 2033 plus options to 2063.
United Petroleum: Top-tier tenant, one of Australia's largest and fastest growing independent fuel retailers with over 450 sites nationally.
Secure, set-and-forget net lease structure with tenant responsible for council rates, water rates, insurance and repairs and maintenance.
High-profile 3,606 sqm* retail convenience site with future development and or landbank upside.
Lower Dandenong Road is a major Melbourne arterial road servicing an average of 34,000 vehicles per day.***
Precinct set to benefit from the new $375 million Mordialloc Freeway****, with major interchange under construction just 300 metres away.
Booming logistics/industrial location in Melbourne's south eastern suburbs with Moorabbin Airport and Goodman's Chifley Business Park within 600 metres.
City of Kingston: By 2041, the City of Kingston's population is forecast to grow by 18.6% to 198,340 people.****
Minimum management, essential service investment.
Net Rent: $177,025 pa
To be sold by Investment Portfolio Auction:
10:30am AEST
Tuesday 10 August 2021
Bidding available via phone, online, and in person at the Hilton Brisbane or remotely at our Perth and Canberra state offices, and the offices of participating conjunctional agents.
**United Petroleum
***Gap maps
****Major Road Projects Victoria
*****Forecast.id
*All areas and figuresapproxonly. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
Property History for 402-404 Lower Dandenong Rd, Braeside, VIC 3195
- 10 Aug 2021Sold for $4,000,000
- 06 Jul 2021Listed for Sale Price on Request
- 23 Sep 2010Listed for Rent - Price not available
Recent sales nearby
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0About Braeside 3195
The size of Braeside is approximately 8.5 square kilometres. There are 6 parks, covering nearly 44.2% of the total area. The population of Braeside in 2016 was 21 people. By 2021 the population was 25 showing a population growth of 19.0% in the area during that time. The predominant age group in Braeside is 60-69 years. Households in Braeside are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Braeside work in a trades occupation.In 2021, 37.60% of the homes in Braeside were owner-occupied compared with 40.00% in 2016.
Braeside has 1,685 properties. Over the last 5 years, Houses in Braeside have seen a 30.25% increase in median value, while Units have seen a 151.88% increase. As at 31 May 2026:
- The median value for Houses in Braeside is $1,575,384 while the median value for Units is $1,092,201.
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