Asking Price: $3,700,000

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, opposite Pakenham Central Market and 200 m* from Pakenham Train Station.

This high-exposure site features dual frontages to Cook Drive and Henry Street and has a prior permit for a supermarket and on-site car parking. 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, opposite Pakenham Central Marketplace and 200 m* from the 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 (STCA) 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 further development.

77-79 Henry Street, Pakenham is offered for private sale. To obtain further information, or to arrange an inspection, please contact the exclusive selling agents.