Ray White Commercial is exclusively engaged in selling this property.

A secure investment opportunity - Two restaurants in the heart of Pakenham.

Activity Centre Zone allowing for future Retail/Office/Residential/ Medical development (STCA)

• Prime Location
• Activity Centre
• Commercial 1 Zone
• Great landholding
• Potential for future value-add
• Multiple Income Streams
• Total Net Income: $93,600 PA NET +O/G & GST*
• Two Tenants - GLA 345 m2*

12 Station Street
• Pakenham's most significant Indian Restaurant
• Fixed 4% annual rent increases.
• Lease: 8 Years - Expires February 2030
• Tenants pay all usual outgoings.
• Net Income: $67,600 pa* + GST.

14 Station Street
• Specialised Pizza Restaurant
• CPI annual rent increases.
• Lease: 2 Years - Expires October 2024
• Tenants pay all usual outgoings.
• Net Income: $26,000 pa* + GST.
• Corner premises with dual frontage and exposure.

Pakenham is Melbourne's central eastern growth corridor. Its population is estimated to increase by 59.9% by 2041.

Excellently located 200m from Pakenham Train Station and within the central Pakenham activity precinct, it is home to Chemist Warehouse, Pakenham Central Marketplace, Big W, Woolworths, and more.

For inspection by appointment, please contact Ryan at 0400 380 4... or Will at 0422 883 0...

*All areas and figures approx only. All boundaries are indicative only. All precautions have been taken to establish the accuracy of all information, but this does not constitute any representation by the Vendor or Agents.