Dandenong’s Family Law Court of Australia building listed with $10 million-plus price hopes

Melbourne’s only family law court outside of the CBD has been listed for sale as an investment with development upside.

The 2371 square metre holding, 53-55 Robinson Street (pictured top and bottom), is zoned Comprehensive Development.

The three-level building on site, therefore, is somewhat under-utilising the block’s potential.

Elsewhere in central Dandenong – a major Activity Centre also dubbed “Melbourne’s second city” – buildings have recently been constructed or approved rising more than 14 storeys.

Dandenong’s Family Court of Australia building includes 2729 sqm of lettable area and 50 car park bays.

The Commonwealth of Australia recently committed to a five year lease paying a current annual rent of $737,500, as well as the land tax. The asset is expected to sell for between $10 million and $11 million.

Gross Waddell’s Alex Ham and Michael Gross are representing the vendor, a private investor.

Last month we reported that a modern office at 1-9 Dandenong Street, Dandenong, leased to the Victorian government as one six Multidisciplinary Centres in the state, traded for $17.3 million, reflecting a passing yield of 6.1 per cent.

An aerial image showing the site (outlined) in relation to the Dandenong Central Activity District.

Share or Recommend article

Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of realestatesource.com.au.