Stonebridge Property Group are pleased to present for sale 200-204 Princes Highway, Pakenham.
A strategic and underutilised 2,922sqm* Mixed Use Zoned landholding with 110m+ of combined street frontage and fully net lease to AAA+ high profile tenant (tenant pays land tax)
Positioned on the high exposure corner of Princes Highway & Pakenham Road, the property benefits from massive exposure to 37,000* passing cars daily
Multiple access points, vast corner frontage and exposure to passing traffic are major asset advantages well suited to multiple future uses, notably, convenience-based retail, childcare, and fast food
Leased until May 2023, the property provides an ideal landbank or medium-term development opportunity currently providing net annual income of $190,000*
Located in close proximity to schooling and just 1km from the Pakenham Lifestyle Centre, anchored by Bunnings, Officeworks & Aldi
Pakenham is positioned within the Cardinia Shire, part of Melbourne's booming south eastern growth corridor. Cardinia Shire comprises over 19,000 undeveloped lots and stands as Victoria's 4th fastest growing municipality
*Approx.
To obtain further information or to arrange an inspection, please contact the exclusive selling agents Stonebridge Property Group.
Nic Hage
0448 782 594
Rorey James
0439 400 081
Kevin Tong
0422 848 818
Property Code: 247
