Stonebridge Property Group, acting under instructions from receivers and managers, Grant Thornton, is pleased to present for sale 27 Scott Street, Dandenong, a well-advanced 14-level building incorporating 107 apartments, 6 retail tenancies and parking.
Extensive works have been made on the site – concrete columns (up to level 13) have been completed, fire stairs (up to level 12) have been poured & fire, electrical, plumbing and window installation has commenced.
The property is situated within the Dandenong Activity Centre, in proximity to major retail hubs and transportation infrastructure, providing an excellent opportunity for a builder or developer to complete the project.
The key highlights of the opportunity include:
- Well advanced 14-level apartment project comprising 107 units, 6 retail tenancies + parking
- 1,200 sqm* CDZ corner landholding with a combined 68 m* dual street frontage
- Surrounded by major retail amenities including Revitalising Central Dandenong urban renewal project, Dandenong Square Shopping Mall (400 m*), Dandenong Market (375 sqm*), Coles Dandenong (375 sqm*) along with other essential retail and boutique outlets
- Proximity to excellent health services including Dandenong Hospital (1.25 km*) and Eastern Medical Centre (1 km*)
- Immediate access to Dandenong Train Station (375 m*) and bus lines along Lonsdale Street which provide direct Melbourne CBD and eastern suburb access
- A range of quality schools in the precinct: Dandenong Primary School (750 m*), Dandenong High School (500 m*), Dandenong West Primary School (1 km*), and Haileybury College (5.75 km*)
- Dandenong median house price has demonstrated impressive growth, increasing by 4.46% p.a. over the past five years. This growth significantly outpaced that of Metropolitan Melbourne, which recorded an increase of only 1.67% over the same period^
- Opportunity for a builder, developer or investor to complete and sell/rent the project
To obtain further information, or to arrange an inspection, please contact the exclusive selling agents.
