1/4 Pacific Promenade, Pakenham, VIC 3810 | Property Value & History | OnTheHouse
 
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1/4 Pacific Promenade
Pakenham VIC 3810

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 609m2
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Property Details for 1/4 Pacific Prom, Pakenham

Building Type
Commercial
Year Built
2014
Land Size
609m2
Local Government
Cardinia
Lot/Plan
C3/PS713300

Last Listing description (December 2022)

+5 Year Net Lease to 2026, plus two further options to 2036
+Healius Ltd (ASX:HLS): Market cap ($2.14B) and one Australia's largest diagnostic and day hospital providers, servicing more than 15 million+ patients annually
+Favourable CPI rent reviews, ensuring strong growth

+Strategically located amongst the Coles anchored Cardinia Lakes shopping centre, GP clinics, dentist, pharmacy and more
+Immaculate 80*sqm premises with reception, consulting and amenities
+Tenant pays all the usual outgoings as per the lease
+Recent construction provides excellent depreciation benefits
+Single tenant minimum management investment
+Pakenham: Melbourne's major eastern growth corridor, population is estimated to increase by 59.9% to 94,954 by 2041
+Cardinia Shire: One of the fastest growing LGA's in Victoria with an average of 5 new households arriving daily
+Net Income: $34,371 pa + GST (as at December 2022)

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 7 December 2022
Crown Casino - River Room

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Property History for 1/4 Pacific Prom, Pakenham, VIC 3810

A timeline of how this property has performed in the market
Last Sold
$665,000
07 Dec 2022
  • 07 Dec 2022
    Sold for $665,000
  • 10 Nov 2022
    Listed for Sale Price on Request
  • 06 Jul 2022
    Listed for Sale Price on Request
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About Pakenham 3810

The size of Pakenham is approximately 85.9 square kilometres. There are 124 parks, covering nearly 5.8% of the total area. The population of Pakenham in 2016 was 46421 people. By 2021 the population was 54118 showing a population growth of 16.6% in the area during that time. The predominant age group in Pakenham is 30-39 years. Households in Pakenham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Pakenham work in a trades occupation.In 2021, 65.00% of the homes in Pakenham were owner-occupied compared with 65.00% in 2016.

Pakenham has 27,489 properties. Over the last 5 years, Houses in Pakenham have seen a 24.73% increase in median value, while Units have seen a 29.08% increase. As at 30 April 2026:

  • The median value for Houses in Pakenham is $758,725 while the median value for Units is $557,779.
  • Houses have a median rent of $560 while Units have a median rent of $500.
There are currently 249 properties listed for sale, and 63 properties listed for rent in Pakenham on OnTheHouse. According to Cotality's data, 1464 properties were sold in the past 12 months in Pakenham.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

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