158-160 Princes Highway, Pakenham VIC 3810

When it comes to ticking all the boxes, we believe this corner block of 1996m2 will suite investors, developers and business owners of all types. Set in the service road of the Princes Hwy, offering you fantastic exposure to 1,000s of cars travelling past every day, the block comes with an approved permit and plans to build a medical centre.

Offering a very basic 3 bedroom house, which is currently tenanted for $265 per week, you have 2 street frontages allowing you unlimited opportunities and easy customer access, should you take the commercial development route, the flat block will help keep build costs to a minimum whether building commercial or residential dwellings. The potential exists to build 7 to 10 town houses or units (STCA).

With the train station, the M1 and the Princes Hwy at your door step, schools, multiple shopping precincts and sporting facilities, all but across the road, this premium address sits right in the middle of Pakenham, which is one of the fastest growing suburbs in Australia.

Whether looking to develop this outstanding site with town houses or units, build the medical centre or just land bank, interest is sure to be high as an offering like this doesnt come along very often. We are happy to entertain expressions of interest prior to the auction and help work through opportunities with any potential purchasers.