Stonebridge Property Group is pleased to present for sale 77-79 Henry Street, Pakenham.
The Property is an expansive landholding located in the heart of Pakenham’s Major Activity Centre, across the road from Pakenham Central Market and 200 m* from Pakenham Train Station.
This high-exposure site features dual frontages to Cook Drive and Henry Street. The Property has a prior permit for a supermarket and on-site car parking featuring flexible Activity Centre Zone allowing for a wide range of uses (STCA).
The key highlights of the opportunity include:
- Generous 5,653 sqm* landholding in Pakenham Major Activity Centre
- Heavy foot traffic area, across the road from Pakenham Central Marketplace and 200 m* from recently upgraded Pakenham Train Station
- Dual street frontages to Henry Street and Cook Drive, creating multiple ingress/egress options
- Prior permit approval for a supermarket and 80 car spaces
- Activity Centre Zone allowing flexible end-uses including retail, education, medical, childcare, office, hospitality and more
- Discretionary heights of 14 m* (4-storeys), with the adjoining site at 81 Henry Street, Pakenham being permit approved for a 5-storey (17 m*) project
- Pakenham is undergoing revitalisation of Pakenham’s Major Activity Centre, with projects including the $15 billion investment into the Pakenham Train Line (Victoria’s Big Build 2024) to upgrade Pakenham Train Station, and Pakenham East Train Station. As well as, the establishment of a new community hospital, and the redevelopment of Pakenham Place Shopping Centre
- Pakenham’s population is forecast to grow + 42.89% between now and 2041 (forecast.id 2024), highlighting the significant demand for retail
To obtain further information, or to arrange an inspection, please contact the exclusive selling agents.
* Approximately