211 Greenhills RoadPakenham VIC 3810
Property Details for 211 Greenhills Rd, Pakenham
Last Listing description (November 2023)
Cameron is pleased to present this near new facility which is a great opportunity for investors. Sold with a seven-year term, fully secured lease that commenced in August 2021, you can invest with confidence. The rental will produce $475,248 pa, with a 3% annual review and option for two further five-year terms.
In a prime location, this property has excellent connectivity as it is close to the Pakenham township and freeway access. Additionally, it has an ample on-site car parks, wide access, and great truck access to and from the warehouse.
Rare stand-alone premises with a large land area of 8774 m, this property boasts a low-site coverage. The spacious land allows for a huge 5315 m high-clearance warehouse with electric roller doors under a weather canopy, and an expansive two-level office.
Land area: 8,774 m approx.
Total Building area: 5,511 m
Warehouse: 4,900m
Ground floor office / Showroom: 414m
First floor office: 196m
Property Features:
- High internal clearance
- Electric roller doors under weather canopy
- Near new facility
- Premium internal fit-out
- Secure lease purchase as a going concern (GST waived)
Tenancy Details:
Fully secured lease to T.C. Boxes Australia Pty Ltd
Term: 7 years commenced August 2021
Rental: $475,248 P.A + GST + Outgoings
Reviews: 3% annually
Options: Two further terms of 5 years
With limited supply forecasted, please reach out to the exclusive agents from Cameron to secure this blue chip Pakenham investment today!
Property History for 211 Greenhills Rd, Pakenham, VIC 3810
- 17 Aug 2023Sold for $8,450,000
- 12 May 2023Listed for Sale Contact Agent
- 23 Apr 2018Sold for $703,560
Recent sales nearby
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0About 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 27,967 properties. Over the last 5 years, Houses in Pakenham have seen a 18.97% increase in median value, while Units have seen a 25.97% increase. As at 31 July 2026:
- The median value for Houses in Pakenham is $748,034 while the median value for Units is $551,682.
- Houses have a median rent of $565 while Units have a median rent of $500.
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