1/6 Park Drive, Dandenong South, VIC 3175 | Property Value & History | OnTheHouse
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1/6 Park Drive
Dandenong South VIC 3175

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Property Details for 1/6 Park Dr, Dandenong South

Building Type
Commercial
Local Government
Greater Dandenong
Lot/Plan
1/PS444958

Last Listing description (June 2026)

Prime Industrial Investment with Low Site Coverage and Dual Access

Positioned within the tightly held Dandenong South industrial precinct, this highly functional corner site presents an outstanding opportunity to secure a well leased industrial asset with strong fundamentals and long term upside.

Set on a substantial 1,555 sqm Industrial 1 Zoned landholding, the property offers a clearspan warehouse, functional office accommodation, and valuable low site coverage providing flexibility for future expansion or redevelopment potential (STCA).

Strategically located with excellent connectivity to Frankston-Dandenong Road, South Gippsland Highway, EastLink and the Monash Freeway, the property benefits from outstanding access to Melbourne's key freight and logistics networks.

The asset is securely leased to Quality Steel Australia Pty Ltd, a well established steel wholesaler with over 30 years of industry presence, providing a stable income stream with annual CPI increases.

This is a rare opportunity to secure a quality industrial investment in one of Melbourne's most sought after industrial locations.

Property Features

Total building area: 560 sqm
Office area: 52 sqm
Warehouse area: 508 sqm clearspan warehouse
Total land area: 1,555 sqm
Dual street access via two motorised roller doors
Ample on-site parking and hardstand
3 phase power available
Corner allotment offering excellent exposure
Low site coverage allowing future expansion potential (STCA)

Investment Highlights

Secure tenant: Quality Steel Australia Pty Ltd
Lease commenced: April 2024
Lease term: 3 years + 3 year option
Net rental income: $110,946 p.a. + GST & Outgoings
Annual rental increases: CPI

Property History for 1/6 Park Dr, Dandenong South, VIC 3175

A timeline of how this property has performed in the market
Last Sold
$2,200,000
10 Jul 2023
  • 31 Mar 2026
    Sold - Price Undisclosed
  • 25 Mar 2026
    Listed for Sale Contact Agent
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About Dandenong South 3175

The size of Dandenong South is approximately 29.4 square kilometres. There are 12 parks, covering nearly 1.9% of the total area. The population of Dandenong South in 2016 was 160 people. By 2021 the population was 125 showing a population decline of 21.9% in the area during that time. The predominant age group in Dandenong South is 50-59 years. Households in Dandenong South are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Dandenong South work in a trades occupation.In 2021, 17.30% of the homes in Dandenong South were owner-occupied compared with 12.50% in 2016.

Dandenong South has 4,993 properties. Over the last 5 years, Houses in Dandenong South have seen a 11.59% increase in median value, while Units have seen a 16.87% increase. As at 31 August 2026:

  • The median value for Houses in Dandenong South is $824,134 while the median value for Units is $823,125.
There are currently 1 property listed for sale, and 1 property listed for rent in Dandenong south on OnTheHouse. According to Cotality's data, 87 properties were sold in the past 12 months in Dandenong south.

Suburb Insights for Dandenong South 3175

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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.