SOLD
Sold on 18 Dec 2023 for $594,000

10/24 Bormar Drive
Pakenham VIC 3810

Bedrooms: 3
Bathrooms: -
Car spaces: -
Land area: 234m2
Sold By
GERARD COLLINS
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Property Details for 10/24 Bormar Dr, Pakenham

Building Type
Commercial
Land Size
234m2
Local Government
Cardinia
Lot/Plan
10/PS736884

Last Listing description (October 2023)

Secure Gated Complex
Ideal for small business
Vacant Possession


Located just off Bald Hill Road is this perfect factory. Floor area of 200m2 approx. with reception/office and amenities. Excellent factory floor area with three phase power 20 amps per phase and electric roller door. Floor to ceiling windows offer plenty of natural light. Two upstairs offices with built in cabinetry plus three carparks on title. Vacant possession will be provided, quality factory.

Property History for 10/24 Bormar Dr, Pakenham, VIC 3810

A timeline of how this property has performed in the market
Last Sold
$594,000
18 Dec 2023
  • 18 Dec 2023
    Sold for $594,000
  • 18 Oct 2023
    Listed for Sale Contact Agent
  • 03 Aug 2018
    Sold for $324,500
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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 26,456 properties. Over the last 5 years, Houses in Pakenham have seen a 35.09% increase in median value, while Units have seen a 27.84% increase. As at 31 October 2024:

  • The median value for Houses in Pakenham is $695,591 while the median value for Units is $503,582.
  • Houses have a median rent of $540 while Units have a median rent of $460.
There are currently 243 properties listed for sale, and 54 properties listed for rent in Pakenham on OnTheHouse. According to CoreLogic's data, 1221 properties were sold in the past 12 months in Pakenham.

Suburb Insights for Pakenham 3810

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Disclaimer
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.