40-42 Scott Street, Dandenong, VIC 3175 | Property Value & History | OnTheHouse
OFF MARKET

40-42 Scott Street
Dandenong VIC 3175

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 280m2
Land area: 2157m2
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Property Details for 40-42 Scott St, Dandenong

Building Type
Commercial
Floor Size
280m2
Land Size
2157m2
Local Government
Greater Dandenong
Lot/Plan
PC359546

Last Listing description (December 2021)

JLL Melbourne Commercial Sales are pleased to have the exclusive privilege of offering for sale an exceptional freehold investment opportunity at 40-42 Scott Street, Dandenong.

Key details of the opportunity include:


- Prominent two-level commercial office building plus basement car park situated within the heart of the burgeoning Dandenong Activity Centre.
- Brand new 9 year lease to highly resilient and reputable legal firm 'Macpherson Kelley Lawyers' (offices in Melb, Syd & Bris) and a government covenant.
- Immaculately fitted office space providing access to high levels of natural light and configured to suit open plan working as well as enclosed private spaces.
- Valuable corner landholding of 2,166sqm boasting substantial street frontages to Scott Street and Robinson Street, as well as multiple access points.
- Favourable Comprehensive Development Zone 2 allows for a wide range of end uses including residential, office, retail, hospitality and education (STCA).
- Strategically located in the heart of the main Dandenong activity centre, close to Dandenong Plaza, Dandenong Market and a range of retail amenity.
- Set to benefit from the $290 million Revitalising Central Dandenong initiative by the Victorian Government, with the project expected to attract more than $1 billion in private sector investment and creating and additional 5,000 jobs.
- Well serviced by a range of transport linkages including the Dandenong Train Station and Princess Highway Service Road, providing direct access to the Melbourne CBD and surrounding suburbs.
- An exceptional opportunity to acquire a securely leased long term investment within a rapidly growing pocket of Melbourne's south-eastern suburbs.
- 5 Star NABERS Energy Rating

PROUDLY SOLD BY JLL

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

Josh Rutman | 0411 27 37 46
Tim Carr | 0415 767 915
Mingxuan Li | 0498 688 998

*Approx.

High Profile Corner Office Building
Brand New 9 Year Lease
5 Star NABERS Energy Rating

Property History for 40-42 Scott St, Dandenong, VIC 3175

A timeline of how this property has performed in the market
Last Sold
$14,000,000
20 Dec 2021
Listed for Rent
$2.30k/w
04 Aug 2021
  • 20 Dec 2021
    Sold for $14,000,000
  • 13 Aug 2021
    Listed for Sale Contact Agent
  • 15 Apr 2019
    Listed for Rent $119,700 / year
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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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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.