3-5 Sleeth Avenue

A rare and strategic opportunity presents in solid original condition and provides the perfect base for a modern renovation, rebuild or potential development (STCA) for the astute buyer, to secure one or both adjoining sites in this premium Dandenong location, with a combined landholding of 1,030sqm and a planning schedule already in place for 23 apartments. Each site features a well-maintained 3-bedroom home with generous living areas, a lock-up garage, and either a bungalow or shedmaking them ideal for immediate rental return or short-term holding while preparing for redevelopment. One property is currently tenanted, providing instant income, while the other is vacant and ready for use or leasing. This opportunity is not limited to apartments alone. The generous land size and wide frontage also opens the possibility for an alternative visiona boutique collection of modern townhouses. With thoughtful design, developers could create a community of architecturally designed residences tailored to families and downsizers seeking space, privacy, and proximity to key amenities. Key Highlights: Flexible acquisition options secure one or both properties Total Land Area: 1,030 sqm Proven planning potential for a 23-apartment project STCA Immediate rental income and use option Existing dwellings included Premium location with strong market growth and appeal Ideally located with park frontage and within walking distance of Dandenong Plaza, Dandenong Market, public transport, schools, and cafes, the site is perfectly positioned to attract strong buyer and rental demand in a vibrant, well-connected neighbourhood. Whether you choose to pursue the apartment scheme, reimagine the site with premium townhomes, or take a staged approach by renting each site for passive income, this is a flexible, high-potential development opportunity in the heart of a booming growth corridor. Book your exclusive tour with a Castran Gilbert team member today.