Prime site with income while you plan. With no height limits, overlay or built form controls, it’s a developer’s dream. GrayJohnson & Facey Property are pleased to bring to auction this valuable development site ideally positioned in the Dandenong CBD. The location is within the highest order of activity centre outside the Melbourne CBD: the Dandenong Metropolitan Activity Centre as identified in Plan Melbourne. As a result this property provides an exceptional opportunity for intensive development^. The property is to be sold with a short-term licence agreement to Secure Parking Pty Ltd. Under the terms of the 2 + 1-year lease, it offers the purchaser a passing income from settlement with an early termination clause. This site is ideal for a multi-storey building, with no council restrictions regarding site coverage or building height^. Possible uses include offices, shops and retail uses, residential uses, child care centre, hotel or hospitality use. The opportunity: • Ideally located site with land area of 764 sqm* • Expansive frontage to Clow Street of 21.97 m* • 2 + 1-year lease commencing 15/6/25 with early termination clause, • Favourably zoned Comprehensive Development Zone – Schedule 2 • Suitable for intensive development^ The location: • Located within Precinct E of the Central Dandenong Activity Centre • Strategic position in Dandenong’s main commercial hub • Close to Dandenong Market and Dandenong Square shopping centre • 750m* from Dandenong railway station and transport hub • Easy access to key arterial routes Princes Highway, South Gippsland Freeway and Eastlink Auction Wednesday 3 September @ 12 noon *approx. ^STPA
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