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2/1 Webster Way, PAKENHAM, VIC, 3810

+10 Photos

+12 Photos

SOLD

2/1 Webster Way, PAKENHAM, VIC, 3810

Properties / Sold / Victoria / Pakenham

Tenanted Investment

1. Property Summary

Selling Method

Auction

Selling Details

Price on Request

Land Area

614 m² (*approx)

Floor Area

816 m² (*approx)

Property Type

Retail, Other

Terms

Secure 15 year lease to 2032 plus options to 2042

Est. Income

$78,586 p/a

Fully Leased

Pakenham Fruit & Veg Market

Show All

2. Property Highlights

Long Proven Established Business, 10 Year Lease Term Certain, 4% Increases

Secure 15 year lease plus options
Attractive annual 4% rent increases
Long proven established business

+Pakenham Fruit & Veg Market: Long established proven business with large wholesale and retail business lines

+Secure 15 year lease to 2032 plus options to 2042

+Tenant pays all usual outgoings as per the lease

+Attractive rental growth assured with annual 4% increases

+Highly sought after ‘Essential Service’ asset class

+Superb 816sqm building including mezzanine with outstanding exposure

+Convenient level access plus an abundant of on-site carparking

+Strategic main road position, central amongst Pakenham Market Place shopping centre (WW, The Reject Shop, Big W) and Bunnings, McDonalds located nearby on the Princes Hwy feeder road

+Pakenham: Melbourne’s major eastern growth corridor, population estimated to increase 59.9% to 94,954 by 2041

+Cardinia Shire: forecast population growth to 200,238 (66% increase) by 2041

+Net Income: $78,586 pa + GST (Dec 22)

For Sale by Portfolio Auction

Wednesday 3 August at 10.30am (AEST)

Crown Casino, Melbourne VIC

Remember to mention you found this property on CommercialReady

Property Type

Retail, Other

Est. Income

$78,586 p/a

Tenant

Pakenham Fruit & Veg Market

Terms

Secure 15 year lease to 2032 plus options to 2042

Land Area

614 m² (*approx)

Floor Area

816 m² (*approx)

Selling Method

Auction

Selling Details

Price on Request

2. Property Highlights

Long Proven Established Business, 10 Year Lease Term Certain, 4% Increases

Secure 15 year lease plus options
Attractive annual 4% rent increases
Long proven established business

+Pakenham Fruit & Veg Market: Long established proven business with large wholesale and retail business lines

+Secure 15 year lease to 2032 plus options to 2042

+Tenant pays all usual outgoings as per the lease

+Attractive rental growth assured with annual 4% increases

+Highly sought after ‘Essential Service’ asset class

+Superb 816sqm building including mezzanine with outstanding exposure

+Convenient level access plus an abundant of on-site carparking

+Strategic main road position, central amongst Pakenham Market Place shopping centre (WW, The Reject Shop, Big W) and Bunnings, McDonalds located nearby on the Princes Hwy feeder road

+Pakenham: Melbourne’s major eastern growth corridor, population estimated to increase 59.9% to 94,954 by 2041

+Cardinia Shire: forecast population growth to 200,238 (66% increase) by 2041

+Net Income: $78,586 pa + GST (Dec 22)

For Sale by Portfolio Auction

Wednesday 3 August at 10.30am (AEST)

Crown Casino, Melbourne VIC

Remember to mention you found this property on CommercialReady

Tenanted Investment