Shop 2, 1 Webster Way, Pakenham, VIC 3810

Retail

Sold

  • Property ID: 415520
  • Floor Area: 814m²
  • Land Area: 614m²
  • NBN Availability: Service Available - Fibre to the node (FTTN)
Street View
Sold / Leased Results

Name Result Date Floor Land Result Price
Unit 2 Sold N/A 814m2 614m2 Contact Agent
LONG PROVEN ESTABLISHED BUSINESS, 10 YEAR LEASE TERM CERTAIN, 4% INCREASES

15 YEAR LEASE TO 2032 PLUS OPTIONS
ATTRACTIVE ANNUAL 4% RENT INCREASES
LONG PROVEN ESTABLISHED BUSINESS

Pakenham Fruit & Veg Market: Long established proven business with large wholesale and retail business lines
15 year lease to 2032 plus options to 2042
Tenant pays all usual outgoings as per the lease
Attractive rental growth assured with annual 4% increases
Highly sought after ‘Essential Service’ asset class
Superb 814 sqm* building including mezzanine with outstanding exposure
Convenient level access plus an abundant of on-site car parking
Strategic main road position, central amongst Pakenham Market Place shopping centre (WW, The Reject Shop, Big W) and Bunnings, McDonalds located nearby on the Princes Hwy feeder road
Pakenham: Melbourne’s major eastern growth corridor, population estimated to increase 59.9% to 94,954 by 2041
Cardinia Shire: forecast population growth to 200,238 (66% increase) by 2041
Net Income: $78,586 per annum* plus GST (as at Dec 22)

For Sale by Portfolio Auction
Wednesday 3 August at 10.30am (AEST)
Crown Casino, Melbourne VIC

Pakenham Suburb Profile
Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $2794 $116 4.15%
Offices $3828 $381 9.95%
Retail $9737 --- ---
This is the average advertised price, rent and yield for Pakenham, VIC 3810*
Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
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  Vinci Carbone Property Pty Ltd

 

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Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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