5 Rays WayPakenham VIC 3810
Property Details for 5 Rays Way, Pakenham
Last Listing description (August 2023)
Cameron is pleased to offer 5 Rays Way, Pakenham for sale. Located in South East Business Park, this property is a stone's throw away from major roads such as Koo Wee Rup Pakenham Road and the Princes Freeway.
Total Building size - 150 sqm
Tenancy Details:
Commencement: 23/10/2022
Tenancy Term: [1]+1+1Yrs
Expiry: 22/10/2023 / 3 Months (27%) remaining
Annual Net Rent: $18,900.00 + GST
*Please note interior images taken prior to tenancy.
Features include:
- Motorised roller door
- Clear span warehouse
- 3 Phase power
- Bathroom and kitchenette amenities
- Common Parking
With limited supply forecasted, please reach out to the exclusive agent Max Weinzierl and James Roux from Cameron.
Property History for 5 Rays Way, Pakenham, VIC 3810
- 07 Aug 2023Sold for $375,000
- 14 Jul 2023Listed for Sale $380,000 + GST (if applicable)
- 03 Jun 2020Listed for Rent $16,458 / year
Recent sales nearby
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About 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 27,641 properties. Over the last 5 years, Houses in Pakenham have seen a 36.25% increase in median value, while Units have seen a 28.18% increase. As at 31 December 2025:
- The median value for Houses in Pakenham is $767,085 while the median value for Units is $515,793.
- Houses have a median rent of $550 while Units have a median rent of $500.
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