Development Site with Street Frontage
A rare development opportunity. Strategically located within the Greenhills Industrial Estate, this site offers strong connectivity to major roads and the rapidly expanding Pakenham industrial precinct. The development site provides street frontage with great exposure.
This site offers a 4,466m titled block of land with a current council permit for a Material Recycling Facility. A regular-shaped block of 45m frontage x 99.25m depth is fenced and consolidated with town planning approval for a 1,565m building, 41 car parks and a rear yard.
Located within the Greenhills Industrial Estate, with easy access to the M1 Freeway, Princes Highway and Pakenham Central.
Enquire at www.faceyproperty.com.au to make your next move.
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 27,503 properties. Over the last 5 years, Houses in Pakenham have seen a 24.02% increase in median value, while Units have seen a 26.87% increase. As at 31 May 2026:
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