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2/1 Webster Way
Pakenham VIC 3810
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Sold on 3 Aug 2022

2/1 Webster Way Pakenham VIC 3810

  • Shop & Retail
  • 816 m²
  • Sold

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

    AUCTION

    Auction date and time03/08/2022 10:30
    Auction locationCrown Casino - River Room - Melbourne

    Property Highlights

    Date Sold3 Aug 2022
    Floor Area816 m²
    Land Area614 m²
    ParkingAsk Agent
    Property ID2017912965
    Category
    Last updated  5 Aug 2022
    Map for 2/1 Webster Way Pakenham VIC 3810

    Property Highlights

    Date Sold3 Aug 2022
    Floor Area816 m²
    Land Area614 m²
    ParkingAsk Agent
    Property ID2017912965
    Category
    Last updated  5 Aug 2022

    Co-Agents

    Matthew Wright
    Matthew Wright
    Burgess Rawson VIC Pty Ltd
    Call
    0458 290 588
    Raoul Holderhead
    Burgess Rawson VIC Pty Ltd
    Call
    0413 860 304
    Joseph Carbone
    Joseph Carbone
    Vinci Carbone Property
    Call
    0418351316

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