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1/2-4 Pacific Promenade
Pakenham VIC 3810
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Sold on 2 Jul 2024

1/2-4 Pacific Promenade Pakenham VIC 3810

  • Shop & Retail
  • 174 m²
  • Sold

National Education Group With 3 Locations | Brand New 5 Year Lease to December 2028

    Burgess Rawson are delighted to present to market the Atlantic College investment at 1/2-4 Pacific Promenade, Pakenham VIC for private sale.

    The property has the following key investment highlights:

    + New Five (5) year lease to Atlantic College to December 2028.
    + Atlantic College: Certified education and training provider with locations in QLD and WA.
    + Expansive 174sqm* premises incorporating 7 classrooms, adjacent to Coles and 178 public car spaces.
    + Fixed, compounding 3% annual rent increases.
    + Tactical location, surrounded by 5 schools accommodating 1,846 full-time students within 3km*. (1)
    + Gateway location with direct access to and from Princes Highway only 250 metres away, with 8,200 vehicles passing daily. (1)
    + Set to benefit from future development nearby with $8bn in dwelling approvals (CY 2023) within 3km*.
    + Coles Cardinia Lakes is the only supermarket within 2.5km from the property providing a destinational location to the college and supporting a trade catchment of 23,490.
    + City of Whittlesea: one of Melbourne's fastest growing municipalities with a resident population in excess of 245,000 people and an annual economic output of $27.52 billion. (3)
    + Income: $43,500 pa* + GST.

    To be Sold via Private Sale.

    For further information, please contact the Burgess Rawson team.

    *Approx
    (1) GapMaps
    (2) Forecast.id
    (3) RemPlan

    Property Highlights

    Date Sold2 Jul 2024
    Floor Area174 m²
    Land Area174 m²
    ParkingAsk Agent
    Property ID2019278087
    Category
    Last updated  2 Jul 2024
    Map for 1/2-4 Pacific Promenade Pakenham VIC 3810

    Property Highlights

    Date Sold2 Jul 2024
    Floor Area174 m²
    Land Area174 m²
    ParkingAsk Agent
    Property ID2019278087
    Category
    Last updated  2 Jul 2024

    Co-Agents

    Shaun Venables
    Burgess Rawson VIC Pty Ltd
    Call
    0411 860 865
    Romanor Falconer
    Burgess Rawson VIC Pty Ltd
    Call
    0413 830 808
    Burgess Rawson VIC Pty Ltd
    Call
    0417 308 067

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