1412-1424 Dandenong RoadOakleigh VIC 3166
Property Details for 1412-1424 Dandenong Rd, Oakleigh
Last Listing description (November 2021)
Burgess Rawson and Gross Waddell ICR, with Advise Transact acting as Transaction Manager, are pleased to present this ultimate landbank investment merely meters from Australia's largest shopping centre being Chadstone Shopping Centre.
1406-1424 Dandenong Road (corner Drummond Street), Oakleigh is a strategically positioned landholding and benefits from recently committed long term leases and significant passing depreciation benefits.
Blue-chip investment with brand new 15 and 10+5 year leases to Chadstone Ford, Hyundai and Hungry Jack's (expiring 2036).
Phenomenal and steady income stream with future value underwritten by surrounding high-density developments.
Invaluable 6,953 sqm* corner landholding providing combined frontage of 191 metres*.
Favourable Commercial 1 Zoning (C1Z) with a 10-level development precedent on the opposite side of Princes Highway.
Strategically positioned with the internationally acclaimed Chadstone Shopping Centre, iconic Eaton Mall, Monash Freeway and Oakleigh train station all within 1.1km*.
Bustling precinct which houses many national operators including Chemist Warehouse, Toyota, Shell, KFC and Beaumont Tiles plus many more.
Strong and certain rental growth via annual, fixed, compounding 2.5% rent increases.
Outstanding depreciation benefits, with 57% of year 1 rent potentially tax deductible (source Napier & Blakeley)
Thriving tenants in booming industries: Australia's new car sales market is up 28.3% (source FCAI) and the drive thru fast food sector is growing at record pace.
Underlying land value with Oakleigh boasting a median house price of $1,450,000, up 20.4% in the last 12 months (source REIV).
International Expressions of Interest now closed. Announcement coming soon.
For further information please contact the agents directly.
*All measurements are approximate and all boundary mark ups are indicative only.
Property History for 1412-1424 Dandenong Rd, Oakleigh, VIC 3166
- 02 Sep 2021Listed for Sale Price on Request
Recent sales nearby
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About Oakleigh 3166
The size of Oakleigh is approximately 3.5 square kilometres. There are 11 parks, covering nearly 10.8% of the total area. The population of Oakleigh in 2016 was 7893 people. By 2021 the population was 8442 showing a population growth of 7.0% in the area during that time. The predominant age group in Oakleigh is 20-29 years. Households in Oakleigh are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Oakleigh work in a professional occupation.In 2021, 62.70% of the homes in Oakleigh were owner-occupied compared with 64.40% in 2016.
Oakleigh has 5,622 properties. Over the last 5 years, Houses in Oakleigh have seen a -7.37% decrease in median value, while Units have seen a -4.34% decrease. As at 31 July 2026:
- The median value for Houses in Oakleigh is $1,230,085 while the median value for Units is $610,699.
- Houses have a median rent of $715 while Units have a median rent of $625.
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