5/58 Racecourse RoadPakenham VIC 3810
Property Details for 5/58 Racecourse Rd, Pakenham
Last Listing description (June 2017)
Ray White Commercial Oakleigh is delighted to offer for sale by the way of public auction on Friday 21st April at 12:00pm, this fantastic retail investment property located at 5/58 Racecourse Road in Pakenham.
Enjoy the comfort and security of a brand new five year lease, commenced in January 2017.
Returning $31,714 per annum plus GST plus outgoings, this entry level retail investment is certainly one you want to add to your commercial portfolio.
- Total building area: 135m2 approx.
- Current rental: $31,714 per annum + GST + Outgoings
- Brand new five (5) year lease, commenced January 2017
- Three (3) further options of five (5) years each
- Commercial 1 Zoning (C1Z)
- Fantastic access serviced by the Monash Freeway (M1)
- Located in the South-eastern growth corridor
For further information or to arrange an inspection please contact one of the exclusive marketing agents.
George Kelepouris 0425 798 677
Joshua Colosimo 0413 790 309
Property History for 5/58 Racecourse Rd, Pakenham, VIC 3810
- 21 Apr 2017Sold for $605,000
- 03 Mar 2017Listed for Sale Price Upon Application
- 22 Jan 1990Sold for $100,000
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 27,862 properties. Over the last 5 years, Houses in Pakenham have seen a 27.62% increase in median value, while Units have seen a 21.84% increase. As at 31 March 2026:
- The median value for Houses in Pakenham is $765,485 while the median value for Units is $521,961.
- Houses have a median rent of $560 while Units have a median rent of $500.
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