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20-22 Old Dandenong Rd 1,076 SF Retail Condo Unit Offered at $439,925 in Oakleigh South, VIC 3167
Investment Highlights
- Prominent retail strip location in a high-demand suburban catchment.
- Surrounded by established retailers, cafés, and local services.
- Positioned in a growing residential and commercial precinct with strong local demand.
- Excellent street frontage with strong pedestrian and vehicle exposure.
- Flexible layout suitable for food, retail, or service-based businesses (STCA).
Executive Summary
20-22 Old Dandenong Road is a well-positioned retail property located in the heart of Oakleigh South, a thriving commercial and residential catchment in Melbourne’s south-east. The property sits within a busy local shopping strip, benefiting from strong pedestrian activity and excellent street exposure. Surrounded by established retailers, cafés, and service providers, this location offers a vibrant trading environment with a loyal local customer base. The property enjoys convenient access to major arterials, including Centre Road, Warrigal Road, and Princes Highway, and is well-serviced by public transport, making it easily accessible for both customers and staff. This retail strip is ideal for a variety of uses, including food and beverage, specialty retail, health and beauty, or service-based businesses (STCA).
Property Facts
| Total Building Size | 7,535 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 6,458 SF |
| Property Subtype | Storefront Retail/Office | Lot Size | 0.18 AC |
| Building Class | C |
| Total Building Size | 7,535 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Office |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 6,458 SF |
| Lot Size | 0.18 AC |
Amenities
- Restaurant
- Air Conditioning
1 Unit Available
Unit 4
| Unit Size | 1,076 SF | Cap Rate | 5.82% |
| Price | $439,925 | NOI | $25,595.64 |
| Price Per SF | $408.85 | No. Parking Spaces | 2 |
| Condo Use | Retail | APN/Parcel ID | 8\LP115563 |
| Sale Type | Investment |
| Unit Size | 1,076 SF |
| Price | $439,925 |
| Price Per SF | $408.85 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.82% |
| NOI | $25,595.64 |
| No. Parking Spaces | 2 |
| APN/Parcel ID | 8\LP115563 |
Description
Positioned within a well-established neighbourhood shopping strip, this 100 m² retail property offers a secure investment opportunity in Melbourne’s thriving south-east. Currently leased to Magic Brothers Pizzeria, the property benefits from strong local patronage and excellent exposure, being only metres from Warrigal Road and the Dingley Bypass.
The property includes two rear car spaces via an open laneway, providing convenience for staff and deliveries. Zoned Commercial 1 (C1Z), the site also offers future development potential (STCA), adding long-term value to this investment.
Sale Notes
This is an outstanding opportunity to secure a tenanted retail investment in a high-demand suburban location. The property is leased to Magic Brothers Pizzeria on a five-year term commencing 6 April 2025, with two further options of five years each, providing long-term income security.
The investment returns $36,363.64 per annum plus GST and outgoings, underpinned by a strong local catchment and excellent connectivity to major arterials. With a total land area of approx. 138 m² and building area of approx. 100 m², plus two on-title car spaces, this property combines immediate income with future upside through potential redevelopment (STCA).
+1 More
Kitchen/Servery
Kitchen/Servery
Kitchen/Servery
Preparation Area
Kitchen
Floor Plan
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20-22 Old Dandenong Rd
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