Stonebridge Property Group is pleased to present for sale 77-79 Henry Street, Pakenham.
The Property is an expansive landholding located in the heart of Pakenham's Major Activity Centre, across the road from Pakenham Central Market and 200 m* from Pakenham Train Station.
This high-exposure site features dual frontages to Cook Drive and Henry Street. The Property has a prior permit for a supermarket and on-site car parking featuring flexible Activity Centre Zone allowing for a wide range of uses (STCA).
The key highlights of the opportunity include:
- Generous 5,653 sqm* landholding in Pakenham Major Activity Centre
- Heavy foot traffic area, across the road from Pakenham Central Marketplace and 200 m* from recently upgraded Pakenham Train Station
- Dual street frontages to Henry Street and Cook Drive, creating multiple ingress/egress options
- Prior permit approval for a supermarket and 80 car spaces
- Activity Centre Zone allowing flexible end-uses including retail, education, medical, childcare, office, hospitality and more
- Discretionary heights of 14 m* (4-storeys), with the adjoining site at 81 Henry Street, Pakenham being permit approved for a 5-storey (17 m*) project
- Pakenham is undergoing revitalisation of Pakenham's Major Activity Centre, with projects including the $15 billion investment into the Pakenham Train Line (Victoria's Big Build 2024) to upgrade Pakenham Train Station, and Pakenham East Train Station. As well as, the establishment of a new community hospital, and the redevelopment of Pakenham Place Shopping Centre
- Pakenham's population is forecast to grow + 42.89% between now and 2041 (forecast.id 2024), highlighting the significant demand for retail
77-79 Henry Street, Pakenham is offered for sale via Expressions of Interest closing Thursday 6th June 2024 at 2PM (AEST). To obtain further information, or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Julian White
0422 764 137
Andrew Milligan
0421 559 992
Chao Zhang
0411 625 068
* Approximately
Property Code: 938
