Dual Street Frontage with Enormous Potential - First Time Offered in Over 50 Years!

Sold

49 Princes Highway

Dandenong VIC 3175

Land

FOR SALE

Ray White Commercial is delighted to present to market for the first time in over 50 years a rare piece of commercial real estate located on Princes Highway and only 500m* from Dandenong CBD.

This is a fantastic opportunity to acquire what we feel is an absolute must for any astute investor, developer or owner occupier. What makes this offering all the more enticing is that the property benefits from having two street frontages on a land allotment of 770m2* making any plans for development in the future all the more appealing!

This exceptional offering comprises of a vacant single level building of some 150m2* and benefits from immense exposure with over 16m of frontage to Princes Highway and a further 21.2m* of frontage to Close Avenue on the rear. It also offers the unique & flexible opportunity for either a residential or a commercial development (STCA).

There are also other uses such as updating & occupying the property yourself or potentially converting the site into a medical facility (STCA) given the access from Close Avenue which would offer car parking solutions for most medical permits.

The property is strategically located within the South-East corridor of Metropolitan Melbourne accessible via Princes Highway, Monash Freeway (M1) & East Link (M3) whilst being only 400m* from Dandenong Market, 600m* from Dandenong Plaza & 1km* from both Dandenong Station & Dandenong Hospital.

Property Features:

• Total land area | 770m2 approx
• Total building area | 150m2 approx
• Huge Development Upside (STCA)
• Street Frontage to both Princes Highway (16.2m*) & Close Avenue (21.2m*)
• Potential for either a residential or a commercial development (STCA)
• Opposite National Retailers | Coles Supermarket, Chemist Warehouse & Liquorland
• Serviced by major arterial roads | Princes Highway, Monash Freeway (M1) & East Link (M3)
• Prime Location | 400m* from Dandenong Market, 600m* from Dandenong Plaza & 1km* from both Dandenong Hospital & Dandenong Station
• Significant Parcel of Land | Comprehensive Development Zone - Schedule 2 (CD2Z)
• First time offered in 50 Years!

Theo Karkanis | 0431 391 035
Ryan Amler | 0401 971 622

*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.