121 Main Street, Pakenham, Vic 3810

A rare opportunity to acquire a tightly held Main Street investment leased to a major Australian bank. Sold via expressions of interest closing Thursday November 5th at 3:00pm

Offered to the market for the first time in more than 30 years, this exceptional Pakenham investment provides the opportunity to secure a substantial commercial holding occupied by a major Australian banking institution, with an established 30+ year history at the property.

Positioned in the heart of Pakenham's Main Street, the property comprises approximately 260m² of building area on a substantial 392m² Commercial 1 Zoned allotment, together with valuable rear parking.

The current lease runs through to 20 December 2028, with three further three-year options, providing a significant period of potential income security. Current passing income is $84,493.71 per annum plus GST and outgoings, excluding land tax, with annual CPI rental increases.

The tenant's 30+ year occupation is a significant feature of the investment, demonstrating a longstanding commitment to the location. This is further supported by the ongoing growth of the Pakenham and wider Cardinia catchment, with Cardinia Shire currently home to more than 135,000 residents and forecast to add almost 40,000 people over the next decade. Pakenham sits within the Shire's principal growth corridor, where substantial residential and commercial development is planned.

An investment defined by tenant strength, exceptional tenure, secure lease structure and a growing metropolitan catchment, presenting a rare opportunity to acquire a long-held Pakenham commercial asset occupied by a major Australian bank.