Dandenong South – realestatesource

MELBOURNE Water can expect about $6.5 million from the sale of a development site on the corner of Colemans and

Developer Pays $17 Million At Auction For Dandenong South Industrial Site

October 14, 2010 Marc Pallisco Dandenong South, eastlink, Frankston Dandenong Road

A LOCAL developer has paid $17 million at auction for a major development site in Dandenong South – the heart of industrial activity in Melbourne’s south-east.

Three bidders competed to buy the 32 hectare site, which has a massive 501 metre frontage to the busy Frankston Dandenong Road and is near the Thompson Road junction of Eastlink.

The site was marketed as an opportunity to own and masterplan a major industrial subdivision. Industrial zoned land in the south-east is more limited than in the western and northern suburbs, which is why land values and rents are higher.