Renewed 10 Year Lease to Leading National Retailer
55 Bald Hill Road, Pakenham VIC
Property Highlights
Description
Recently renewed 10 year lease to July 2026 plus option to 2031.
Petstock: Hugely successful pet supplies and veterinary chain in 156 locations nationally – in occupation 10+ years.
Established business in rapidly evolving precinct, evidenced by the recent addition of Bunnings, brand new McDonald’s (under construction) and Racecourse. Redevelopment (500+ lot residential subdivision).
Strategic 2,023 sqm site located between Racecourse Road (Princes Freeway link) and Pakenham CBD/Train Station.
Fixed annual 3% rental increases.
Tenant pays all usual outgoings excluding land tax.
Single tenant minimum management investment.
Booming Pakenham/Pakenham East: Population forecast to grow by 73% by 2036 (source: .id).
Rent:$133,900 pa.
Auction 12 noon AEDT Wednesday 28 February 2018
River Room, Crown Casino, Melbourne
Property Details