SOLD
Sold on 12 Jun 2024 for $2,365,000

16 Link Road
Pakenham VIC 3810

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 3112m2
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Property Details for 16 Link Rd, Pakenham

Building Type
Commercial
Land Size
3112m2
Local Government
Cardinia
Lot/Plan
100/PS840629

Last Listing description (May 2024)

Prime Location Industrial Land: Ready to Build, Occupy or Invest!
Limited Land Supply
2 Minutes to M1

Rare Land Parcel with quick settlement COS/S32: available upon request
With limited land supply forecast for early 2024 don't miss out.

Rare opportunity to secure a 3,110m2 parcel of land ready for construction, plan your 2024 now;

Key features:

- 3,110m2 (35 X 88.88 SQM Approx) Industrial 1 zoned land
- Seconds from the Monash Highway/ McGregor Road
- Rectangular shaped block perfect for development with approx. 35m frontage
- Ready to settle and start construction
- Access to growing work force
- Potential for circa 2,177m2 based on 70% site coverage (STCA)
- Options for different sizes and multiple warehouse options
- Build your business from the ground up
- In the heart of South East Business Park

* All sizing and information is approximate (STCA)

Site Area: 3110.0 m2
Total Warehouse: 1836.9 m2
Total First Floor Office: 360.0 m2
Total Area: 2196.9m2
Site Coverage: 70.6%

Contact Hunny Sharma at Melvic Real Estate today for a copy of the contract of sale and vendor statement. Experts in premium industrial real estate in Melbournes South East.

Please see the below link for an up-to-date copy of the Due Diligence Check List:
http://www.consumer.vic.gov.au/duediligencechecklist

DISCLAIMER: All stated dimensions are approximate only. Given are for general information only and do not constitute any representation on the part of the vendor or agent .

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Property History for 16 Link Rd, Pakenham, VIC 3810

A timeline of how this property has performed in the market
Last Sold
$2,365,000
12 Jun 2024
  • 12 Jun 2024
    Sold for $2,365,000
  • 28 Feb 2024
    Listed for Sale 2,178,400-2,350,000
  • 04 Nov 2023
    Transferred
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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.

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