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Land/Development

Auction 3rd September @ 12 noon.

This 764m² site offers circa 22 metres of frontage ripe for development. No height limits and part of the favourable Comprehensive Development Zone – Schedule 2 – Precinct E. Positioned in Dandenong’s central business district. Ideal for mixed development commercial/ medical/ residential

The property is to be sold with a short-term licence agreement to Secure Parking Pty Ltd. Under the terms of the 2 + 1-year lease, it offers the purchaser a passing income from settlement with an early termination clause.

This site is ideal for a multi-storey building, with no council restrictions regarding site coverage or building height^. Possible uses include offices, shops and retail uses, residential uses, child care centre, hotel or hospitality use.

Since its inception in 2006 the Revitalising Central Dandenong Plan has delivered -:
• Greater Dandenong Gallery of Art – underway and due for completion in late 2025.
• Children’s Court, 2023.
• Salvation Army Community Hub, 2022.
• $600 million investment by Capital Alliance, 2020, now gathering momentum in 2024
• Urban Multi-Sport free public park, 2019.
• Quest Apartments featuring premium serviced apartments completed, 2016.
• Australian Taxation Office opened, 2015.
• Municipal Building Project and Harmony Square completed, 2014.
• Government Services Office (GSO) opened, 2011.
• Lonsdale Street Boulevard redevelopment, 2011.
• Dandenong Market redevelopment, 2011.
• Stockman’s Bridge with 62 metre integrated artwork opened, 2010.
• Drum Theatre redevelopment and restoration of the Town Hall, 2006.

Around $700 million has been invested to date to rejuvenate and re-establish Dandenong’s city centre as the capital of Melbourne’s growing southeast region. The project is expected to attract more than $1billion in private sector investment, create 5,000 jobs and enhance Dandenong’s appeal as a place to live, work and visit. Melbourne-based developer Capital Alliance has been selected to deliver the next phase of the project, sites 11-15, which is expected to:
• deliver a new Little India precinct
• inject $600 million into the Dandenong economy during its development and construction phase
• create 2,600 construction jobs
• create around 5,000 ongoing jobs when it is operational
• deliver 470 new dwellings and 2,500 square metres of community space
• deliver new commercial and retail spaces, including a new supermarket and food market hall
• transform central Dandenong into a vibrant and thriving destination
• deliver social enterprise initiatives
• improve public safety and amenity.

Melbourne’s south-east region:
• Produces almost half of Victoria’s manufacturing output
• Is home to more than one million people
• Is home to one in every three jobs in the greater Melbourne area

City of Dandenong prepares to add another 28,000 residents over the next ten years, following a $4.1 billion increase in Gross Regional Product between 2017-2022. Notable commercial, retail & residential hub, surrounded by national retailers, prominent corporate businesses, Government bodies, not for profit organisations and leading medical organisations. Strategically located at the epicentre of a superb network of major arterial roads such as Monash Freeway and Eastlink, in addition to an ever-expanding public transport options.

PROPERTY ID: 145199

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