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249-253 Lonsdale St - Vanity Court Shopping Centre 333 SF Office Condo Unit Offered at $86,201 in Dandenong, VIC 3175
Investment Highlights
- Prominent location within the heart of Dandenong’s CBD, offering strong visibility and consistent pedestrian traffic.
- Comprehensive Development Zone – Schedule 2 zoning supports a wide range of commercial uses, enhancing long-term flexibility.
- Surrounded by major retail, dining, and essential services, reinforcing the property’s role as a key local business hub.
- Positioned just 440 meters from Dandenong Station, providing excellent access to public transport and connectivity to Melbourne’s southeast corridor.
- Established mixed-use arcade featuring multiple tenancies, creating a vibrant commercial environment and steady footfall.
- Close proximity to major arterial roads including Princes Highway and EastLink, ensuring convenient regional access for customers and businesses.
Executive Summary
The property is an industrial facility located in Stawell, Victoria, within proximity to major transport routes. It includes warehouse space, office accommodation, and a secured yard area. The site is zoned for industrial use and provides features suitable for a range of commercial and operational activities.
Property Facts
| Total Building Size | 18,998 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 9,494 SF |
| Property Subtype | Storefront | Lot Size | 0.31 AC |
| Building Class | C | Parking Ratio | 0.02/1,000 SF |
| Total Building Size | 18,998 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 9,494 SF |
| Lot Size | 0.31 AC |
| Parking Ratio | 0.02/1,000 SF |
Amenities
- Signage
- Storage Space
1 Unit Available
Unit Shop 7
| Unit Size | 333 SF | Sale Type | Investment |
| Price | $86,201 | Cap Rate | 5.74% |
| Price Per SF | $258.86 | NOI | $4,947.93 |
| Condo Use | Office | APN/Parcel ID | 7\SP25438 |
| Unit Size | 333 SF |
| Price | $86,201 |
| Price Per SF | $258.86 |
| Condo Use | Office |
| Sale Type | Investment |
| Cap Rate | 5.74% |
| NOI | $4,947.93 |
| APN/Parcel ID | 7\SP25438 |
Description
Shop 7 at 249-253 Lonsdale Street is a 31 m² office space situated within Vanity Court Arcade in central Dandenong. The property is zoned under Comprehensive Development Zone – Schedule 2. It is located approximately 440 meters from Dandenong Station and within walking distance of multiple bus stops. The surrounding area comprises a mix of retail, office, and service-based businesses, forming part of the established Dandenong commercial district.
Sale Notes
This property offers an affordable entry point into the Dandenong commercial market with a secure income stream. The 31 m² office is currently leased to a long-standing tenant who has occupied the premises since 2003. The current lease term runs from October 2024 to September 2026, with a further two-year option and fixed annual increases, ensuring predictable rental growth. Located within Vanity Court Arcade in the heart of Dandenong CBD, the property benefits from strong pedestrian traffic and proximity to Dandenong Station, major bus routes, and surrounding retail and service businesses. Offered at $125,000, this strata-titled investment represents a low-maintenance opportunity with a net yield of approximately 5.74%.
Kitchenette / Storage
Retail Space
Retail Space
Kitchenette
Retail Space
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249-253 Lonsdale St - Vanity Court Shopping Centre
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