Property Details for 22/24 Bormar Dr, Pakenham
Last Listing description (November 2023)
BUY ME!
An opportunity NOW exists to purchase this unit in this modern full concrete panel complex.
This complex is located just off Bald Hill Rd, and provides excellent access to Central Pakenham, the Princes Highway and the Princes Freeway.
Unit 22 has a total building area of 231m2 and includes a ground floor office, a mezzanine office, and amenities.
The property is currently let under a two (2) year lease commencing 19/09/2022 and returns $26,208 (effective 19/09/2023) plus GST and all normal outgoings.
Property features:
+ Security Gated Complex.
+ Quality Full Concrete Panel Construction.
+ Modern Architect Design.
+ Potential Owner Occupier Opportunity, Buy Now, Occupy Later.
For more details or to arrange inspection, please call our listed agents:
Jeffrey Richardson - 0418 328 101
Chris Azidis - 0478 770 903
Property History for 22/24 Bormar Dr, Pakenham, VIC 3810
- 01 Nov 2023Sold - Price Undisclosed
- 22 Aug 2023Listed for Sale $585,000 + GST
- 25 Mar 2020Listed for Sale $400,000 + GST
Recent sales nearby
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0About Pakenham 3810
The size of Pakenham is approximately 85.9 square kilometres. It has 124 parks covering nearly 5.8% of 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 27,518 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.
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