Stonebridge Property Group is pleased to present for sale 55 Mulcahy Road, Pakenham.

• Regular shaped landholding with potential for a 54 lot residential lot subdivision project (STCA)
• Opposite existing and underway developments on 3 out of the 4 site boundaries
• The site area of 5.409 ha* boasts a highly efficient NDA of 5.124 ha*
• Existing improvements include an immaculate 5 bedroom home which could be intelligently incorporated into future development (STCA)
• Walking distance to Village Lakeside Shopping Centre (700 m*) & Bunnings Pakenham (350 m*)
• Located within a precinct that is forecast to have 2.95% annual population growth over the next 20 years from 120,000 to 200,000, aiding consistent demand for new residential lots^
• The median Pakenham house price is $611,000 — up 17.5% in the last 12 months^^

*Approx.
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.