Long Proven Established Business, 10 Year Lease Term Certain, 4% Increases


+Pakenham Fruit & Veg Market: Long established proven business with large wholesale and retail business lines
+Secure 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 816sqm building including mezzanine with outstanding exposure
+Convenient level access plus an abundant of on-site carparking
+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 pa + GST (Dec 22)

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

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Contact agents
Matthew Wright Partner
0458 290 588
Raoul Holderhead Partner
0413 860 304
Enquiry Form

Pakenham, VIC

2/ 1 Webster Way

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 154

Contact agents