12-14 Station Street Pakenham, VIC 3810

Ray White Commercial is exclusively engaged in selling this property, which is a secure investment opportunity.

Two restaurants in the heart of Pakenham. Activity Centre Zone allowing for future Retail/Office/Residential/ Medical development (STCA)

• Prime Location
• Total Net Income: $93,600 PA NET +O/G & GST*
• Multiple Income Streams
• Two Tenants - GLA 345 m2*
• Activity Centre
• Commercial 1 Zone
• Great landholding
• Potential for future value-add

12 Station Street

• Pakenham's most significant Indian Restaurant
• Tenants pay all usual outgoings.
• Net Income: $67,600 pa* + GST.
• Lease: 8 Years - Expires February 2030
• Fixed 4% annual rent increases.

14 Station Street

• Specialised Pizza Restaurant
• Corner premises with dual frontage and exposure.
• Tenants pay all usual outgoings.
• Net Income: $26,000 pa* + GST.
• CPI annual rent increases.
• Lease: 2 Years - Expires October 2024

Pakenham is Melbourne's central eastern growth corridor. Its population is estimated to increase by 59.9% by 2041.

Excellently located 200m from Pakenham Train Station and within the central Pakenham activity precinct, it is home to Chemist Warehouse, Pakenham Central Marketplace, Big W, Woolworths, and more.

For inspection by appointment, please get in touch with:
Ryan at 0400 380 438
OR
Will at 0422 883 011

*All areas and figures approx only. All boundaries are indicative only. All precautions have been taken to establish the accuracy of all information, but this does not constitute any representation by the Vendor or Agents.