AUCTION

Thursday 8th July 2021 at 12 noon

First National Commercial Neilson Partners are excited to offer for sale 114 Main Street, Pakenham and 1 Treloar Lane, Pakenham.

A vibrant commercial investment in the heart of Pakenham comprising of two titles under a single roof line, anchored by a secure long-term tenant with a proven history.

ADDRESS:  114 Main Street, Pakenham

DESCRIPTION:  Well presented office/administration building with quality fit out

SITE AREA:  144sqm approx.

CAR PARK:  Shared - Common area

ZONING:  Commercial 1

ANNUAL RENTAL:  $52,201.56PA Excluding GST

TERM:   3 Years. Commenced 16/02/2021. The tenant has occupied the building since 2000.

ADDRESS:  1 Treloar Lane, Pakenham

DESCRIPTION:  Open plan office fronting the common shared carpark

SITE AREA:  50sqm approx.

CAR PARK:  Shared - Common area

ZONING:  Commercial 1

ANNUAL RENTAL:  $12,360PA Excluding GST

TERM:  3 Years. Until 30/11/2021.

TOTAL SITE INCOME:   $64,561.56

The property is located on the western side of Main Street, opposite the Newsagency in the heart of Pakenham.

A vibrant site, it is conveniently located close to the post office, all four major banks and 50 metres to the entry of Pakenham Shopping Centre. The Pakenham Railway station is 100m from the subject site.

The land is described in Certificate of Title, Volume 10669, Folio 138 as Lots 13 & 14 on Plan on Subdivision 324517E.

A shared common area carpark is accessed via Treloar Lane to the rear of the property.

The common walkway offers pedestrian access from the carpark to the rear of the building.

PLEASE SEE A COPY OF CERTIFICATE OF TITLE AND PLAN OF SUBDIVISION HERE

PROPERTY 1:  114 Main Street, Pakenham

DESCRIPTION:  Well presented office/administration building

BUILDING AREA:  144sqm

CAR PARK:  Shared - Common area

ZONING:  Commercial 1

ANNUAL RENTAL:  $52,201.56PA + GST and outgoings

TERM:  3 Years, commenced 16/02/2021

FURTHER TERM:   One of three years

METHOD OF SALE:  Auction. Thursday 3rd June at 12 noon

TERMS OF SALE:  10% Deposit, balance 30 days

PROPERTY 2:  1 Treloar Lane, Pakenham

DESCRIPTION:  Open plan office space

BUILDING AREA:  50sqm

CAR PARK:  Shared - Common area

ZONING:  Commercial 1

ANNUAL RENTAL:  $12,360PA + GST and outgoings

TERM:  3 Years until 30/11/2021

METHOD OF SALE:  Auction. Thursday 3rd June at 12 noon

TERMS OF SALE:  10% Deposit, balance 30 days

Located in the heart of Pakenham, the site offers a secure long-term tenant providing sound rental return.

A prominent site with Main Street frontage and car parking accessed via Treloar Lane. With the added flexibility of two titles, it offers the chance to invest and occupy at a later date.

This rare opportunity located in the middle of Main Street offers appeal to the astute investor. 

The property is to be sold as one by public auction onsite on Thursday 3rd June 2021 at 12 noon.

Terms 10% deposit, balance 30/60 days.

This property is to be sold as a going concern and GST is not applicable to the sale price.

This property report has been prepared by Facey Pty Ltd A.C.N 101 503 084 trading as First National Commercial Neilson Partners solely for the information of potential purchasers to assist them in deciding whether they are sufficiently interested in the property offered for sale to proceed with further investigation of the property. The information does not constitute all or any part of an offer to purchase, and is intended as a guide only. 

The information contained in the report has been prepared in good faith and with due care by First National Commercial Neilson Partners. Potential purchasers should take note that the calculations contained in the report are based on figures provided to First National Commercial Neilson Partners by outside sources and have not been independently verified by First National Commercial Neilson Partners. 

Potential purchasers should not rely on any material contained in this report as a statement or representatives of fact but should satisfy themselves as to its correctness by such independent investigation as they or their legal and/or financial adviser see fit.

No liability for negligence or otherwise is assumed by First National Commercial Neilson Partners for the material contained in the report. Any liability on the part of First National Commercial Neilson Partners, their servants or agents for damage’s for any claim arising out of or in connection with this report, other than liability which is totally excluded by this clause, shall not (whether or not such liability results from or involves negligence) exceed $1,000.

This report is provided to the recipient on a confidential basis and is not resupplied to any other persons without the prior written consent of First National Commercial Neilson Partners.

To the extent that any of the above paragraphs may be constructed as being in contravention of any law of the State of the Commonwealth, such paragraph shall be read down, or served, or both, as the case may require, and the remaining paragraphs shall continue to have full force and effect.