7 Village WayPakenham VIC 3810
Property Details for 7 Village Way, Pakenham
Last Listing description (September 2020)
+ Secure 10 Year Net Lease to G8 Education to 2023
+ Four further 5 year options to 2043
+ G8 Education: Australias largest early education provider, educating more than 58,000 children per day across their 470+ centres
+ Tenant pays all (including land tax from 2023) outgoings
+ Modern, purpose-built child care facility with approval for 120 LDC places
+ Desirable 3.5% fixed annual rent increases plus ratchet provisions at the commencement of each further term, thereby ensuring rental growth
+ Current rent below market with Market Review (with ratchet provisions) due in 2023
+ Prominent 2,500 sqm corner site directly opposite the Woolworths-anchored Lakeside Square Shopping Centre and only 200 metres from the Cardinia Road Train Station
+ Positioned within a significant education precinct (15 schools within 3km radius)
+ Cardinia Shire: One of Australias largest and fastest growing LGAs with forecast population growth to 200,238 (66% increase) by 2041
+ Childcare/Early Education is an essential service and one of Australias most sought-after asset classes, with the Federal Government spending an estimated $8.6 billion on the sector service during the 201920 financial year
+ Net Income: $262,544 pa + GST and Outgoings
Portfolio Auction 139
11am (AEST) Wednesday 23 September
Property History for 7 Village Way, Pakenham, VIC 3810
- 23 Sep 2020Sold for $4,410,000
- 18 Aug 2020Listed for Sale Price on Request
- 10 Jan 2020Transferred
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 27,957 properties. Over the last 5 years, Houses in Pakenham have seen a 21.51% increase in median value, while Units have seen a 24.18% increase. As at 30 June 2026:
- The median value for Houses in Pakenham is $759,307 while the median value for Units is $543,054.
- Houses have a median rent of $560 while Units have a median rent of $500.
Suburb Insights for Pakenham 3810
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