11/1 Hunt WayPakenham VIC 3810
Property Details for 11/1 Hunt Way, Pakenham
Last Listing description (March 2023)
Burgess Rawson is pleased to offer to the market, Thira's Thai Massage, Pakenham VIC for sale via our Auction Investment Portfolio 159.
+ 5 Year Net Lease to Thai Massage operator.
+ Landlord favourable lease, with the tenant responsible for all usual outgoings excluding land tax.
+ Surrounded by complementary national retailers including; Snap Fitness, Bottlemart & Pizza Hut.
+ New 2022 construction, providing significant tax depreciation benefits.
+ Surrounded by important social infrastructure including 9 schools and tertiary education facilities servicing 6,000+ full-time students.**
+ Pristine 89 sqm* premises with dual retail frontage and exposure to Racecourse Road, servicing 14,100 vehicles daily.**
+ Single tenant, minimum management investment
+ Pakenham: Melbourne's major eastern growth corridor, population estimated to increase 59.9% by 2041.***
+ Net Income: $40,324 pa + GST. (as at April 2023)
To be sold by Investment Portfolio Auction
10:30am Wednesday 29 March 2023
Crown Casino, Melbourne
*approx
**gap maps
*** forecast id
Property History for 11/1 Hunt Way, Pakenham, VIC 3810
- 16 Mar 2023Sold for $780,000
- 02 Mar 2023Listed for Sale Price on Request
Recent sales nearby
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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 27,679 properties. Over the last 5 years, Houses in Pakenham have seen a 21.51% increase in median value, while Units have seen a 24.18% increase. As at 30 June 2026:
- The median value for Houses in Pakenham is $759,307 while the median value for Units is $543,054.
- Houses have a median rent of $560 while Units have a median rent of $500.
Suburb Insights for Pakenham 3810
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