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200-204 Princes Highway
Pakenham VIC 3810

Bedrooms: -
Bathrooms: -
Car spaces: 27
Floor area: 800m2
Land area: 2922m2
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Prime Mixed-Use Land with High-Profile Tenant and Major Development Potential...

- Land Size: 2,922sqm* Mixed Use Zoned landholding
-Built-Up Area: Approximately 800sqm
-Street Frontage: 110m+ combined street frontage
-Tenant: Fully net leased to AAA+ high profile tenant (tenant pays land tax and other outgoings)
- Location: High exposure corner of Princes Highway & Pakenham Road
- Traffic Exposure: Massive exposure to 38,000* passing cars daily
- Access: Multiple access points and vast corner frontage
- Potential Uses: Ideal for convenience-based retail, childcare, medical/consulting, educational institutes and fast food(STCA)
- Previous Use: Formerly utilized as a childcare centre
- Lease Details:
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Property Details for 200-204 Princes Hwy, Pakenham

Building Type
Commercial
Floor Size
800m2
Land Size
2922m2

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About Pakenham 3810

The size of Pakenham is approximately 85.9 square kilometres. It has 124 parks covering nearly 5.8% of total area. The population of Pakenham in 2011 was 33,998 people. By 2016 the population was 46,408 showing a population growth of 36.5% in the area during that time. The predominant age group in Pakenham is 0-9 years. Households in Pakenham are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Pakenham work in a trades occupation. In 2011, 67.6% of the homes in Pakenham were owner-occupied compared with 65% in 2016.

Pakenham has 26,540 properties. Over the last 5 years, Houses in Pakenham have seen a 32.25% increase in median value, while Units have seen a 27.30% increase. As at 30 November 2024:

  • The median value for Houses in Pakenham is $693,217 while the median value for Units is $507,560.
  • Houses have a median rent of $548 while Units have a median rent of $470.
There are currently 199 properties listed for sale, and 45 properties listed for rent in Pakenham on OnTheHouse. According to CoreLogic's data, 1251 properties were sold in the past 12 months in Pakenham.

Suburb Insights for Pakenham 3810

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Rajinder Singh
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Devinder Dhaliwal
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Urban Land Real Estate
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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.