61 Princes Highway, Pakenham, VIC 3810 | Property Value & History | OnTheHouse
 
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61 Princes Highway
Pakenham VIC 3810

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 2m2
Land area: 1799m2
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Property Details for 61 Princes Hwy, Pakenham

Building Type
Commercial
Floor Size
2m2
Land Size
1799m2
Local Government
Cardinia
Lot/Plan
1/TP619712

Last Listing description (June 2023)

* Proposed 137 place childcare centre for lease with plans ready
* Architecturally impressive single level design with practical and functional layout and configuration
* High exposure site on busy Princes highway with approx. 23,000 cars passing the site daily and 300m from a swim school

* There are at least 17 subdivisions within a 3km radius with a combined total of 2,200+ lots, with 6 of these estates already sold out
* 9 schools within a 3km radius of the site with a combined total enrolment of more than 7,600 students
* Pakenham railway line currently undergoing a $15 billion dollar upgrade which includes the addition of new train station in East Pakenham by 2025
* Fast links to Melbourne CBD via the Monash (M1) Freeway and by express train services
* Located in the South-East Growth corridor, an area that is projected to eventually accommodate a population of 230,000 or more people and has the capacity to provide for at least 86,000 jobs.
* Site is surrounded by residential housing estates either upcoming or under development.
* Total site area 2,877 SQM
* Lease Term 14 years 364 days (15 years less 1 day) + 10 + 10
* Rent Reviews 3.5% fixed annual reviews
* Market Reviews - at the expiration of the term

This centre is available For Lease now

Contact Wendy Zhou ON 0422 011 188 to receive a detailed information memorandum and lease documentation.

Applications close Thursday 30th March 2023 at 4:00pm if not leased prior.

********

ASL Real Estate and/or their agents, for themselves and for the vendor/landlord of these properties for whom they act give notice that (i) All information given in relation to this property, whether contained in this document or given orally, is given without responsibility, (ii) All information given in relation to these properties is current up until the creation and distribution of this document, (iii) Intending purchasers/tenants should satisfy themselves as to the accuracy or truth of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. (iv) No person in the employment of ASL Real Estate has any authority to make or give any representation or warranty. By sending an enquiry to ASL Real Estate you agree to be marketed to in the future for similar properties through email alerts/sms messages. This is at NO COST to you and at any time you wish to cancel your subscription please simply reply STOP.

http://www.consumer.vic.gov.au/duediligencechecklist

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Property History for 61 Princes Hwy, Pakenham, VIC 3810

A timeline of how this property has performed in the market
Last Sold
$1,825,000
04 Aug 2022
Listed for Rent
$8.66k/w
05 Jun 2023
  • 06 Mar 2023
    Listed for Rent - Price not available
  • 04 Aug 2022
    Sold for $1,825,000
  • 16 Nov 2018
    Listed for Sale Not Disclosed
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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 27,489 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 257 properties listed for sale, and 60 properties listed for rent in Pakenham on OnTheHouse. According to Cotality's data, 1467 properties were sold in the past 12 months in Pakenham.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
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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.

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