4/1 Hunt Way, Pakenham, VIC 3810 | Property Value & History | OnTheHouse
OFF MARKET

4/1 Hunt Way
Pakenham VIC 3810

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3506m2
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Property Details for 4/1 Hunt Way, Pakenham

Building Type
Commercial
Land Size
3506m2
Local Government
Cardinia
Lot/Plan
4/PS837750

Last Listing description (October 2023)

Burgess Rawson are delighted to present to the market the Sure Real Estate Agency for sale by Investment Portfolio Auction 164.

This investment has the following highlights:

+ New 7 year lease to May 2030 plus options to 2040.

+ Landlord preferred, net lease terms with tenants paying all usual outgoings.
+ Rare, fixed 4% annual rent increases.
+ Sure Real Estate: New and exciting real estate agency supporting Pakenham's growth corridor - including the new East Precinct delivering 7,200 homes.** (under development)
+ Immaculate 93sqm* corner premises with dual access and a high-end tenant fit-out.
+ Recent build providing significant tax saving depreciation benefits.
+ Single tenant minimum management investment.
+ Conveniently situated in an expanding residential precinct amongst supporting retailers including Pizza Hut, Bottlemart, Snap Fitness and more.
+ Surrounded by important social infrastructure including 9 schools and tertiary education facilities servicing 6,000+ full-time students.***
+ Pakenham: Melbourne's major eastern growth corridor, population estimated to increase 59.9% by 2041.**
+ Net income: $44,650 pa* + GST.

*Approx
**Urban Developer
***GapMaps

To be sold via Investment Portfolio Auction 164
10:30am (AEDT) Wednesday 25 October 2023
Crown Metropol - Melbourne

Property History for 4/1 Hunt Way, Pakenham, VIC 3810

A timeline of how this property has performed in the market
Last Sold
$790,000
25 Oct 2023
  • 25 Oct 2023
    Sold for $790,000
  • 04 Oct 2023
    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 27,504 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 227 properties listed for sale, and 67 properties listed for rent in Pakenham on OnTheHouse. According to Cotality's data, 1464 properties were sold in the past 12 months in Pakenham.

Suburb Insights for Pakenham 3810

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Cotality Copyright and Legal Disclaimers about Property Data
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.