6, 160 Main St, Pakenham, VIC 3810

Retail | Offices

Sold $300,000

  • Property ID: 434138
  • Floor Area: 55m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 18/10/2023 55m2 N/A $290,000
WELCOME TO PARADISE!

This well-performing entry-level investment is not to be missed. Located in the Manhattan Arcade toward the south end of Main Street it offers great exposure to passing traffic with great signage opportunities at the entrance to the walk-through.

Currently leased to a successfully operating massage therapy business. Lease details are as follows:
Rental: $16,231.77 + GST per annum
Term: 2-year lease expiring 31/05/2024, with a further 3-year option
Reviews: 3% with market reviews at option
Outgoings: Fully payable by the tenant excluding land tax

Contact Shannon Hynd on 0499 980 100 for further information or your inspection today!

Pakenham Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $2794 $118 4.21%
Retail $9737 $275 2.83%
Offices $3828 $339 8.85%
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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  First National Real Estate Neilson Partners

 

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Property Detail Notes:

  • 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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