23-25 / 249 Lonsdale Street,
Dandenong, VIC 3175

Shops & Retail • Offices

Key property information

Floor area

Tenure type

Sold on

Map of 23-25 / 249 Lonsdale Street

Directions

EXCELLENT CASH COW INVESTMENT WITH THREE TENANCIES ON ONE TITLE

Located within the Vanity Court Arcade in the heart of the Dandenong CBD, close to the Government Services Building and the new Civic Plaza Development (Council & Library)

- Total building area 63.5m2 approx
- To be sold as one
- Comprising three (3) separate tenancies with a total combined gross income of $24,000 per annum as follows;

SOLICITOR
- Total area 25m2 approx.
- Tenant since 2012
- New 3 year lease commenced October 2015 with one further term of 3 years
- Rental $9060 per annum gross
- 4% annual increases and Market Review at option

HAIRDRESSER
- Total area 27.5m2 approx.
- Long term tenant since 1998
- Leased since March 2012
- 3 + 3 + 3 year lease
- Rental $8400 per annum gross
- Annual increases of 4% and Market Review at options

OFFICE
- Total area 11m2 approx.
- New 1 year lease commencing May 2016
- Rental $6540 per annum gross

Ryan Amler 0401 971 6...
Paul Rizzo 0418 688 888

Dandenong, 3175 demographic data

The median household income for Dandenong is $1,267, 33% lower than Greater Melbourne's household income of $1,901. Dandenong has a younger age profile compared to the rest of Greater Melbourne (median age 33 vs 37). Property ownership data shows 53% of property owners in Dandenong have a mortgage.

30,127

Population

$1,267 per week

Median household income

33 years

Median age

Renters

Most residents

Families

Most households