Atlantic College, 1/2-4 Pacific Promenade, Pakenham, Vic 3810

Burgess Rawson are delighted to present to market the Atlantic College investment at 1/2-4 Pacific Promenade, Pakenham VIC for sale via Investment Portfolio Auction 169. 

The property has the following key investment highlights: 

+ New Five (5) year lease to Atlantic College to December 2028. 
+ Atlantic College: Certified education and training provider with locations in QLD and WA. 
+ Expansive 174sqm* premises incorporating 7 classrooms, adjacent to Coles and 178 public car spaces. 
+ Fixed, compounding 3% annual rent increases. 
+ Tactical location, surrounded by 5 schools accommodating 1,846 full-time students within 3km*. (1) 
+ Gateway location with direct access to and from Princes Highway only 250 metres away, with 8,200 vehicles passing daily. (1) 
+ Set to benefit from future development nearby with $8bn in dwelling approvals (CY 2023) within 3km*. 
+ Coles Cardinia Lakes is the only supermarket within 2.5km from the property providing a destinational location to the college and supporting a trade catchment of 23,490. 
+ City of Whittlesea: one of Melbourne’s fastest growing municipalities with a resident population in excess of 245,000 people and an annual economic output of $27.52 billion. (3)
+ Income: $43,500 pa* + GST. 

To be Sold via Investment Portfolio Auction 169,
Wednesday 26 June 2024 10:30am (AEST) 
Conference Hall, Crown Casino Melbourne

For further information, please contact the Burgess Rawson team. 

*Approx
(1) GapMaps
(2) Forecast.id
(3) RemPlan