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1384 Dandenong Rd - Punthill Oakleigh 1,937 SF Retail Condo Unit Offered at $828,518 in Hughesdale, VIC 3166
Investment Highlights
- Ground-level retail integrated within a mixed-use building topped by serviced apartments.
- Close proximity to Chadstone Shopping Centre and Oakleigh Railway Station.
- Strategic placement along Dandenong Road near Warrigal Road in Hughesdale.
- Mixed-use environment sustaining continuous local and visitor activity.
Executive Summary
1384 Dandenong Road in Hughesdale is a contemporary mixed-use complex incorporating ground-floor retail tenancies beneath upper-level serviced apartments. Located on a key arterial route near Warrigal Road and only minutes from Chadstone Shopping Centre, the property offers strong connectivity via major roads and public transport, including nearby bus services and Oakleigh Railway Station less than a kilometer away. The area supports a mix of commercial, service-based, and residential uses, contributing to steady local activity and demand for retail and hospitality operations. Rear parking facilities and multiple street frontages enhance accessibility, while the prominent positioning along Dandenong Road provides consistent exposure to high daily traffic volumes.
1 Unit Available
Unit 2
| Unit Size | 1,937 SF | Cap Rate | 5.17% |
| Price | $828,518 | NOI | $42,858.13 |
| Price Per SF | $427.73 | No. Parking Spaces | 7 |
| Condo Use | Retail | APN/Parcel ID | G02\PS612452 |
| Sale Type | Investment |
| Unit Size | 1,937 SF |
| Price | $828,518 |
| Price Per SF | $427.73 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.17% |
| NOI | $42,858.13 |
| No. Parking Spaces | 7 |
| APN/Parcel ID | G02\PS612452 |
Description
This offering represents a single strata-titled retail lot within a modern mixed-use development positioned along a major arterial corridor in Hughesdale. The retail unit is located on the ground floor of the complex, beneath 37 fully serviced apartments that contribute to ongoing pedestrian activity and a built-in customer base. The title includes exclusive use of seven on-site car spaces positioned at the rear of the property.
The building itself reflects a contemporary mixed-use profile, combining retail activation at street level with upper-level accommodation. This format increases synergy between the residents and ground floor businesses while maintaining quality exposure along Dandenong Road. The property benefits from an approximate 18-metre street frontage and excellent signage opportunities visible to both vehicle and foot traffic.
Sale Notes
Set in one of Melbourne’s busiest commercial corridors, this strata retail investment delivers reliable income underpinned by tenant-paid outgoings and long-term upside through a scheduled market rent review. Currently generating $59,488 per annum net, the property provides investors with a passive return from a long-standing hospitality use.
The space is equipped for hospitality operations, retaining a commercial-grade kitchen, grease trap, and cool room. Located only a short walk from Chadstone Shopping Centre, the property capitalizes on strong retail drivers, enormous traffic volumes along Warrigal and Dandenong Roads, and excellent transport connectivity. On-site parking for seven vehicles enhances accessibility for both tenants and patrons.
Future value potential is strengthened by the property’s strata-freehold title within a mixed-use development, favorable exposure, and durable local demand for retail and food service tenancies. This is an opportunity to acquire a proven investment with physical attributes that cater to evolving retail and hospitality trends.
Retail space
Retail space
Kitchen
Bathrooms
Property Facts
| Total Building Size | 49,137 SF | Typical Floor Size | 12,284 SF |
| Property Type | Hospitality (Condo) | Year Built | 2009 |
| Property Subtype | Serviced Apartment | Lot Size | 0.72 AC |
| Building Class | B | Parking Ratio | 0.64/1,000 SF |
| Floors | 4 |
| Total Building Size | 49,137 SF |
| Property Type | Hospitality (Condo) |
| Property Subtype | Serviced Apartment |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 12,284 SF |
| Year Built | 2009 |
| Lot Size | 0.72 AC |
| Parking Ratio | 0.64/1,000 SF |
Amenities
- Balcony
- Fitness Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Fully-Equipped Kitchen
- Multi-Room Suites
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 45 | $198.84 | - |
Contacts
-
Ian Qiu -
Joshua Bartlett -
Tom Gilbert -
Mathew Dompietro -
Dylan Ashby -
Hudson Bond Commercial Pty. Ltd.
Presented by
1384 Dandenong Rd - Punthill Oakleigh
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