Landmark Kia and Nissan Car Dealership – Endless opportunities for owner occupiers, investors, and developers
46-56 Lonsdale Street, Dandenong VIC
Property Highlights
Description
+ Prominent 6,466sqm industrial zoned site across three separate titles
+ Irreplaceable 105m* main road exposure to Lonsdale Street (Princes Highway) carrying 42,210 vehicles passing daily.**
+ Prime CBD fringe location only 1km from Dandenong CBD.
+ Low site coverage, ample opportunities for redevelopment, expansion, or future upside (STCA).
+ Situated In the heart of the car sales precinct with surrounding businesses including Mitsubishi, Hyundai, and Ford as well as a host of other leading automotive retailers.
+ Established showroom, warehouse, wash bay area and large display yard with 66m* rear street fronting Balmoral Avenue
+ Dandenong has a booming industrial, logistics and business park precinct, with local land values up 225% since 2009.***
+ Strategically positioned with easy access to major arterials such as major arterials such as Frankston Dandenong Road, Monash Freeway, South Gippsland Highway/Freeway and Eastlink.
+ Within walking distance to Dandenong CBD , Dandenong Plaza and Market and Dandenong Train Station.
+ Surrounded by important social infrastructure, including 14 schools within 3km servicing a combined 7,248 full time students.**
+ Greater Dandenong is home to 168,201 people, supporting 98,169 jobs with an annual economic output of 40.616 billion.****
+ Approximately 18 month lease term remaining with no further options provides the ultimate flexibility to potential purchasers with short term holding income and a plethora of options including owner occupy, re leasing and or development opportunities (STCA).
+ Net income: $736,964 + GST
For Sale by Expression of Interest Closing Thursday 18 May 2023
*Approximate
**Gapmaps
***Urbis
****City of Dandenong
Property Details