5/114 Princes HighwayPakenham VIC 3810
Property Details for 5/114 Princes Hwy, Pakenham
Last Listing description (October 2023)
This Investment Showroom surrounded by several household names.
They have positioned themselves here so why not INVEST HERE??
Included is the about to open El Jannah - Lebanese Cuisine - Restaurant, McDonalds, KFC, Rivers Superstore, Paint Shop, Castello's Cardinia Hotel, Splash's Swim School, F45 Gym and Paky Pets & Aquarium.
Tenant: Wallara Australia Ltd
Lease: 3 years commenced the 10th December 2022.
Further Options: 3 years
Rent: $51,294 pa plus GST as of 10th of December 2023
Reviews: 3% annual reviews - to market if options exercised.
Outgoings: All those applicable payable by the Tenant
Security: Bank Guarantee
Flexible Mixed Use Zoning allows for many other alternative business's - STP
This showroom has ample on site parking (9 on Title) and can be seen from the Princes Highway intersection with The Avenue.
Enquire at www.faceyproperty.com.au to make your next move.
Terms: 10% Deposit balance 60/90 days
Property History for 5/114 Princes Hwy, Pakenham, VIC 3810
- 31 Oct 2023Sold for $1,025,000
- 04 Oct 2023Listed for Sale Contact Agent
- 29 Jan 2020Listed for Sale $650,000
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 28,186 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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