Thorpe Real Estate in conjunction with CBRE are proud to present 224-238 Princes Hwy Dandenong, 240-248 Princes Hwy Dandenong & 1368 Heatherton Road, Dandenong for sale via Expressions of Interest on a buy one buy all basis closing Thursday 21 May 2026 at 12noon (AEST).Positioned moments from the entrance to Eastlink and benefitting from expansive exposure to Princes Hwy, this landmark infill opportunity spanning over 4 hectares of land presents as one of the most unique opportunities in the market. The size and scope of the precinct provide a clear pathway for a substantial commercial project (STCA) in a core growth location.Key Highlights:+ 41,677 sqm* landholding ideally situated at the entrance to Eastlink with frontage to Princes Highway.+ 224-238 Princes Hwy, Dandenong totalling 20,233sqm*+ 240-248 Princes Hwy, Dandenong totalling 20,233sqm*+ 1368 Heatherton Road, Dandenong totalling 1,211sqm*+ Zoned Commercial 2, ideal for a range of development outcomes from Large Format Retail, Office, Hotel, Manufacturing, Warehouse and Logistics.+ Designated as a Key Development Site ear-marked for multi-storey development (STCA)+ Existing improvements and tenancies providing short-term holding income and potential refurbishment/repositioning.+ Short tenancies allowing for immediate development / owner occupation.+ Offered across three (3) separate titles, providing ultimate flexibility.+ Conveniently located directly adjacent Eastlink freeway, Princes Highway frontage and Dandenong Plaza.For more information, please contact the exclusive conjunctional sales agents below.*Approx.
The size of Dandenong is approximately 11.3 square kilometres. There are 22 parks, covering nearly 16.6% of the total area. The population of Dandenong in 2016 was 29906 people. By 2021 the population was 30127 showing a population growth of 0.7% in the area during that time. The predominant age group in Dandenong is 30-39 years. Households in Dandenong are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Dandenong work in a trades occupation.In 2021, 43.10% of the homes in Dandenong were owner-occupied compared with 39.70% in 2016.
Dandenong has 18,519 properties. Over the last 5 years, Houses in Dandenong have seen a 3.55% increase in median value, while Units have seen a 12.58% increase. As at 31 July 2026:
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