Gross Waddell ICR is pleased to offer this centrally located retail property in the heart of Dandenong's evolving CBD precinct, as part of the 'Signature Auction Portfolio'.
https://gwicrsignatureauctionseries.com.au/
Centrally located retail property in the heart of Dandenong's CBD
Positioned on the western side of Lonsdale Street (Princes Highway) and within the heart of the revitalised Dandenong's CBD
Single level retail premises of 205 sqm* being offered with vacant possession giving buyers the ultimate flexibility
Land area of 285 sqm* allowing for future expansion or redevelopment (STCA)
Rear access to the property via R.O.W.
Surrounded by an array of retail and commercial services including Dandenong Market, Dandenong Plaza and Dandenong's Government, Financial and Legal Services precinct
Prominent frontage to the recently refurbished Lonsdale Street retail precinct
High pedestrian and drive-by traffic flows
The City of Greater Dandenong is considered the regional capital of the south-east
The property is to be sold via Public Auction as part of the 'Signature Auction Portfolio' and held at Leonda by the Yarra from 11 am on Thursday the 7th of April 2022. For further information or to organise an inspection, please contact Gross Waddell ICR directly.
*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 18,525 properties. Over the last 5 years, Houses in Dandenong have seen a 3.80% increase in median value, while Units have seen a 12.85% increase. As at 31 August 2026:
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