175 Lonsdale Street, Dandenong, VIC, 3175

VACANT PRIME RETAIL OPPORTUNITY WITH INCOME & DEVELOPMENT UPSIDE

An exceptional opportunity to secure a high-exposure retail/commercial property in the heart of Dandenong's bustling CBD. This versatile freehold asset offers strong existing income, value-add potential, and future development flexibility (STCA), backed by a long-term billboard lease.

Key Property Highlights:

• Land Area: 244 sqm*

• Total Building Area: 289 sqm* over two levels

• Flexible Retail/Commercial Layout: Ground floor and first floor combined area of 289 sqm*

• Rear Secured Yard or Car Space

• Rear Lane Access for easy loading or private parking

• Zoning: Comprehensive Development Zone – Schedule 2 (CDZ2)

• Prime Lonsdale Street Exposure with heavy foot and vehicle traffic

Billboard Investment Income:

• Billboard Lease Income: $24,000 per annum + GST (net)

• Lease Term: 10 years commencing 1 July 2025

• Annual Increases: 3% per annum

• Secure passive income stream from an established outdoor media company

Purchase this ground and first floor retail space and you can move in and commence your business immediately and at the same time collect rental income form the billboard structure being $24, 000 per annum on a net basis for the next 10 years or more

With the revitalisation of the Dandenong CBD in full swing and plans for further government and private sector investment, this property presents an Ideal opportunity to acquire an impressive investment located within the heart of this well supported and growing retail and commercial precinct.

** Offers will be accepted prior to closing date and the vendor may sell the property prior to EOI closing date.

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