253 Princes Highway, Dandenong, VIC 3175 | Property Value & History | OnTheHouse
 
OFF MARKET

253 Princes Highway
Dandenong VIC 3175

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 300m2
Land area: 2557m2
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Property Details for 253 Princes Hwy, Dandenong

Building Type
Commercial
Floor Size
300m2
Land Size
2557m2
Local Government
Greater Dandenong

Last Listing description (August 2021)

Gateway Industrial Development site with multi-tenanted income stream.

Offered to the market for the first time, 253-257 Princes Highway, Dandenong offers a unique opportunity to receive and maintain a multi-tenanted income whilst planning for future redevelopment.

The property consists of 7 individual tenancies, generating an income of around $166,000 p.a. nett. There are various leases in place, ranging from monthly to fixed terms. Essentially, we have 3 shops facing Princes Highway, plus a corner showroom used as a dental technician laboratory.

At the rear is a cabinet maker warehouse, with roller door access and good height. Behind the shops is a warehouse / storage area. The rear tenancies are accessed via Alexander Avenue. On site parking for 11 cars is provided.

Enquire at www.faceyproperty.com.au to make your next move.

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Property History for 253 Princes Hwy, Dandenong, VIC 3175

A timeline of how this property has performed in the market
Listed for Rent
$1.07k/w
21 Dec 2015
  • 15 Jul 2021
    Listed for Sale Contact Agent
  • 07 Aug 2015
    Listed for Rent - Price not available
  • 10 Sep 2010
    Listed for Rent - Price not available
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About Dandenong 3175

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:

  • The median value for Houses in Dandenong is $747,409 while the median value for Units is $474,259.
  • Houses have a median rent of $570 while Units have a median rent of $480.
There are currently 75 properties listed for sale, and 22 properties listed for rent in Dandenong on OnTheHouse. According to Cotality's data, 930 properties were sold in the past 12 months in Dandenong.

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