255-263 Lonsdale Street,
Dandenong, VIC 3175

LJ Hooker Dandenong is proud to present 255-263 Lonsdale Street, Dandenong for sale. This exceptional property, located in the heart of Dandenong's bustling retail and commercial district, offers a remarkable investment opportunity with the following key highlights:

• Premium Freehold: Featuring a substantial street frontage of 25 meters* and on-site parking for 10 vehicles, accessible via Thomas Street at the rear.
• 1650 sqm* APPROX of lettable area across 2 levels of retail and commercial tenancies.

• Secure Long-Term Tenant: Leased to well-established businesses, including a retail outlet, and a snooker club, as of June 2024. Tenants pay all outgoings.

• Established Presence: The reception hall on the first floor is leased to a well-managed business and pays all outgoings.
• Reliable Income: The property generates a strong annual income of $360,000 as of October 2024, with annual CPI increases. The current lease runs through to 2029, with further options available.

• Future Growth Potential: Dandenong set for mega makeover, $2 billion boost to create second capital city | 7NEWS
Dandenong will almost be unrecognizable when a $2 billion redevelopment is complete. The planning minister recently approved it, with the goal of creating a second capital city.

• Prime Location: Situated in the core of Dandenong's commercial, retail, and residential hub, surrounded by national retailers, prominent corporations, government entities, non-profit organizations, and leading medical institutions.

• Highly desirable 'Comprehensive Development Zone' (CDZ2) landholding providing significant future development upside STCA.

Current lease:
255-259 LONSDALE STREET, DANDENONG, VIC 3175 455 m²
- Leased to Bar
- Current rent $93,000 per annum plus GST
- Lessee pays all outgoings
- Lease terms: 4+4
- Fixed rent increases of 3%
- 24-04-2017 rent commencement
- Security deposit $17,100

261-263 LONSDALE STREET, DANDENONG, VIC 3175 567 m²
- Leased to Retails Rugs
- Current rent $90,000 per annum including GST
- Lessee pays all outgoings
- 01-08-2024 rent commencement
- Lease terms: 5+5+5
- Security deposit $16,500

1/261-263 LONSDALE STREET, DANDENONG, VIC 3175 650 m²
- Leased to Maiwand Reception Hall
- Current rent $163,636.36 per annum plus GST
- Lessee pays all outgoings
-10-09-2022 rent commencement
- Lease terms: 5+5+5
- Fixed rent increases of 4%
- Security deposit $15,000

Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves of any pertinent matter.