137-147 Main Street, Pakenham, VIC

8 year WALE* in central Pakenham township

Fully leased, this magnificent investment on Main Street Pakenham has substantial long term development upside. Can be sold in one line or separately.

In a prominent corner position at the roundabout of Station and Main Street, this gateway site is zoned Commercial 1 with council encouragement to develop up to 5 levels in the future. The combined rental from the two long term tenants, Great Australian Bake House and Cheap as Chips equates to a net income of $243,877 pa.

Make your mark on Pakenham’s ever-evolving property landscape.

• Income of $243,877 pa net
• Shops 4 & 5 current 5 x 4 lease commenced
December 2017
• Shop 6 current 10 x 10 lease commenced February 2017
• Commercial 1 zoned, with council encouragement
to develop