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Back 16/2 James Street
Off Market

16/2 James Street

Dandenong VIC 3175

2
2
1
Apartment
Last sold for $280,000
Mandy FountainMandy Fountain, last sold this property on 27 August 2026 after 15 days on market.

Overview

LONG-TERM LEASE 2-BEDROOM, 2-BATHROOM HOTEL PAY COUNCIL RATES, WATER RATES & OC ADMIN LEVIES

2-BEDROOM, 2-BATHROOM APARTMENT | LONG TERM LEASE - HOTEL PAY COUNCIL RATES, WATER RATES & OC ADMIN LEVIES A unique opportunity to secure a well-positioned 2-bedroom, 2-bathroom apartment with carpark in Melbourne's Southeast, approximately 30 kilometres from Melbourne CBD. Dandenong is a major commercial hub with strong connectivity, established employment precincts and extensive industrial and business parks in Dandenong South. INVESTMENT ADVANTAGES Major commercial and employment hub approximately 30km from Melbourne CBD. Close to Dandenong Hospital, Dandenong Market, shopping, dining and employment precincts. Direct access to Eastlink, Monash Freeway and Dandenong Bypass. Dandenong South provides major industrial and business infrastructure. Dandenong Train Station is within easy reach. Quest Dandenong offers BBQ Area, Conference Facilities and a recently upgraded Outdoor Swimming Pool area. LEASE DETAILS Price: $285,000 Current Rent: $18,403 p.a. / $353 per week Gross Return: 6.45% Net Return: 6.20% Lease: To 2031 with 4 x 5-year options remaining SCHEDULED RENT INCREASES January 2027: +4% = $19,139 p.a. - 6.71% Gross January 2028: +4% = $19,904 p.a. - 6.98% Gross January 2029: +4% = $20,700 p.a. - 7.26% Gross January 2030: +4% = $21,528 p.a. - 7.55% Gross APPROXIMATE OWNER OUTGOINGS Owners Corporation Sinking Fund: Approx. $722 p.a. Council Rates: PAID BY HOTEL Water Rates: PAID BY HOTEL Owners Corporation Administration Fees: PAID BY HOTEL Two Bedroom, two-bathroom apartment will impress with its entry level buying point and minimal outgoings, providing a solid net yield to investors. The spacious master bedroom features a full ensuite, while the apartment includes stone benchtops and stainless-steel appliances, including a dishwasher, within a fully equipped kitchen. With car park on title and only a short walk to Dandenong CBD, including markets, restaurants, transport, shopping and major industries, the property offers a convenient location for investors and occupants alike. Quest pay all Council Rates, Water Rates, Water Usage, Electricity Usage, Building Insurance, Common Area Public Liability and Owners Corporation Administration Levies. INVESTMENT DETAILS Configuration: 2 Bedroom / 2 Bathroom Level: Level 1 Carpark: 1 For more information, please contact Mandy Fountain 0408 10 30 10. Mandy Fountain specializes in Serviced Apartment Sales across Australia, with a sound understanding of lease structures and tenant and owner obligations. DISCLAIMER: The information contained in this brochure has been provided by the vendor and other sources and is believed to be reliable; however, it has not been independently verified. It is provided for general information purposes only and does not constitute financial, investment, legal or taxation advice. Prospective purchasers should conduct their own independent enquiries and due diligence and obtain appropriate professional advice before making any investment decision. No warranty or representation is made as to the accuracy or completeness of the information, and no liability is accepted for any errors, omissions or reliance placed upon it.

Features

2 bedrooms
2 bathrooms
1 carspace
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Dandenong over the last 12 months, the estimated median property value of 16/2 James Street is $370k.

Median value
$370k
Estimated value range
$226k - $645k
Median days on market
29
Estimated value trend
10%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Dandenong. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 16/2 James Street

2026
Sold
$280,000
Private Sale/Treaty on 27 Aug 2026 by Mandy Fountain, of Serviced Apartment Sales

Happy sellers in Dandenong

82%
82% of sellers in Dandenong reported that their sale price either exceeded or met their price expectations.

Dandenong stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 112 reviews in Dandenong over the last 12 months.

Local market activity for 2 bedroom apartments in Dandenong

In the last 12 months, 113 two-bedroom apartments similar to 16/2 James Street, have been sold.

This represents a 16% increase in two-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

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Ming Wang

Ming Wang is a recommended agent for Dandenong.  They have 29 local sales and collected 52 local reviews across the last 12 months.

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Burak Gul

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Sam Hashemi

Sam Hashemi is a recommended agent for Dandenong.  They have 6 local sales and collected 8 local reviews across the last 12 months.

  •   5   (29 reviews)
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Tim Stickley

Sellers who recommend Tim Stickley have praised them for being clear communication, local expert, honest, supportive, reliable, responsive and great negotiation

  •   4.8   (302 reviews)
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