Translating...
Select a location
Please enter a suburb or a postcode.
Invalid Price Range
Please enter correct price range
Success!
Your request was successfully submitted!
Contact Us
Login
Facebook
Twitter
Linkid
join us
Add your listing
Toggle navigation
EN
EN
HR
AE
Property
Agents
Blogs
News
229 Thomas Street, Dandenong 3175, Victoria Australia
New Search
|
Back
Select a video voice language:
Select
English (Australian)
229 Thomas Street, Dandenong 3175, Victoria Australia
229 Thomas Street
Dandenong
Victoria
3175
iSell Group
14500000
Its Addressed: Location: Situated in the heart of Dandenong, minutes from Dandenong Hospital and the industrial zone. Overview: This well-maintained freehold accommodation boasts 48 rooms catering to both corporate and regular clientele. Established for over 5 years, it offers a variety of room types and includes private car parks. Key Features: Built in 2017 Approximately 35 km from CBD Fully managed operation 80% occupancy rate Annual Accommodation Revenue: $2.1M Rental Income (if freehold purchase): $900,000 + GST annually Easy access to Monash Freeway and Eastlink Option to expand with 5 additional rooms Facilities: Each room is equipped with a full kitchen, outdoor furniture, BBQ facilities, a lounge area with sofa, flat-screen TV, DVD player, and laundry facilities. Location Benefits: Enjoy convenient access to the Dandenong Ranges, Phillip Island, Mornington Peninsula, and Gippsland. Business Potential: This property demonstrates strong and consistent turnover with exceptional profit margins. It presents an ideal opportunity for experienced operators or newcomers looking to invest in a well-established venture. Additional Information: The property includes 47 apartments across 8 levels, featuring additional commercial office space on the first floor, ground floor retail premises, and 24 car spaces. Currently operated as short-stay accommodation, the apartments include a mix suitable for both short-term and long-term residential rentals: 4 x 3-bedroom (12), 12 x 2-bedroom (24), 7 x 1-bedroom (7), 21 studios (21) and 3 disabled rooms. There is potential to add 5 more apartments, and the full commercial office floor can be leased independently. Market Context: Dandenong is experiencing significant growth, underscored by recent major investments such as the Government Service Office on Thomas St ($165M), Dandenong Plaza ($145M), and the former RSL village on Clow St ($11.6M), indicating robust economic activity and future potential for the area. Sale Details: The property at 229 Thomas Street boasts a substantial frontage of over 20 meters, offering excellent exposure in a central location. Anticipated transaction interest is above $14M, presenting an opportunity above current replacement values amidst escalating construction costs and a shortage of housing supply. For more Real Estate in Dandenong contact your Area Specialist. Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.
The Brief: Prime Freehold Accommodation for Sale in South East Melbourne
Property ID:
R
703357
Location:
229 Thomas Street
DANDENONG
47
63
Price:
$14,500,000 - $15,500,000
Type:
Apartment
Its Addressed:
Location: Situated in the heart of Dandenong, minutes from Dandenong Hospital and the industrial zone.
Overview: This well-maintained freehold accommodation boasts 48 rooms catering to both corporate and regular clientele. Established for over 5 years, it offers a variety of room types and includes private car parks.
Key Features:
Built in 2017
Approximately 35 km from CBD
Fully managed operation
80% occupancy rate
Annual Accommodation Revenue: $2.1M
Rental Income (if freehold purchase): $900,000 + GST annually
Easy access to Monash Freeway and Eastlink
Option to expand with 5 additional rooms
Facilities: Each room is equipped with a full kitchen, outdoor furniture, BBQ facilities, a lounge area with sofa, flat-screen TV, DVD player, and laundry facilities.
Location Benefits: Enjoy convenient access to the Dandenong Ranges, Phillip Island, Mornington Peninsula, and Gippsland.
Business Potential: This property demonstrates strong and consistent turnover with exceptional profit margins. It presents an ideal opportunity for experienced operators or newcomers looking to invest in a well-established venture.
Additional Information:
The property includes 47 apartments across 8 levels, featuring additional commercial office space on the first floor, ground floor retail premises, and 24 car spaces. Currently operated as short-stay accommodation, the apartments include a mix suitable for both short-term and long-term residential rentals: 4 x 3-bedroom (12), 12 x 2-bedroom (24), 7 x 1-bedroom (7), 21 studios (21) and 3 disabled rooms. There is potential to add 5 more apartments, and the full commercial office floor can be leased independently.
Market Context:
Dandenong is experiencing significant growth, underscored by recent major investments such as the Government Service Office on Thomas St ($165M), Dandenong Plaza ($145M), and the former RSL village on Clow St ($11.6M), indicating robust economic activity and future potential for the area.
Sale Details: The property at 229 Thomas Street boasts a substantial frontage of over 20 meters, offering excellent exposure in a central location. Anticipated transaction interest is above $14M, presenting an opportunity above current replacement values amidst escalating construction costs and a shortage of housing supply.
For more Real Estate in Dandenong contact your Area Specialist.
Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.
Inspection By Appointment
Enquiry Form
Please enter your name
Please enter your email
eg. you@domain.com
Regarding - 229 Thomas Street, Dandenong 3175, Victoria Australia - REIM ID: R703357
Please enter a message
Please enter the code
Contact form
Send
Overview
Address
Vatikanska 11, Zagreb
Purpose:
sale
Type:
House
Country:
Zagreb
City
Zagreb
Area:
More than 100m2
Size precise:
200 m2
Energy efficiency:
-
Bathrooms:
3
Bedrooms:
2
Roooms:
20
Ownerships:
Owner
Floor:
3
Energy efficient:
80 kWh EP / m
2
Gas emissions:
30 kg CO2 / m
2
Views Counter:
15119
Pro
Indoor amenities
Air conditioning
Cable TV
Computer
Microwave
Property location
Health
Park
ATMBank
PetrolPump
Restourant
Store
Suggest route
Facebook comments
iSell Group
Dheeraj Singh
0423891852
03 8586 6411
Send to a friend
QR Code
Energy efficient- to be used
No Efficiency
Gas emission
No Gas
Latest
Dandenong North
2 & 3/10 Boyd Street
Auction | 5
3
4
Kilsyth
25 Terrigal Crescent
Auction | 3
2
2
Korumburra
60 Princes Street
$530,000 - $560,000 | 3
2
2
Noble Park
2/12 Frank Street
$470 Per Week | 2
1
1
Mildura
8 Delta Court
$529,000 - $579,000 | 4
2
2
Pakenham
15 Victoria Place
$600 Per Week | 4
2
2
Koo Wee Rup
5 Bellairs Place
$660,000 - $720,000 | 4
2
2
Keysborough
47 Kingsclere Avenue
Auction | 6
2
Noble Park
1/214 Corrigan Road
Private Sale $590,000 - $649,000 | 3
1
1
Berwick
18 Llano Circuit
Auction | 3
2
2
Agent Log In
Agent Log In
Enquiry form