Located approximately 54km from Melbourne's CBD, 61 Racecourse Road is offering the unique and limited opportunity to secure exciting retail space within a fast-growing community. This retail centre epitomises convenience, quality and variety satisfying everyday community shopping needs all on the one site.
The site is part of the old Pakenham racecourse redevelopment fronting Racecourse Road which a major arterial road into Pakenham between Princes Hwy and the Monash Freeway and is also within walking distance of the Pakenham Train Station and Town Centre.
The site is located on the intersection of Racecourse Road and Henry Street, activating as a gateway into Pakenham's Ascot Estate which is being developed by ISPT and Oliver Hume – all 475 residential lots have been sold. Henry Street is being extended into Pakenham town which is the principal retail activity centre.
The site is located on the intersection of Racecourse Road and Henry Street, making it the entry point into Pakenham's new retail hub. The average daily vehicle count through this intersection is currently 14,00 vehicles with strong growth projections. Railway Avenue will also be truncated (at Racecourse Road) following the through connection of Henry Street to Racecourse Road, which will make Henry Street where our site fronts the new ‘Key Local Road’.
Pakenham has one of the strongest performing retail catchments in Melbourne, with Major, Mini Major and National retailers opening second and even third stores. The site is also opposite Cardinia Water Retirement Village that are developing an additional 25 lots and adjacent to a strong performing industrial precinct.
Current tenancies available:
• Convenience Shop 1 - 89sqm
• Convenience Shop 2 - 93sqm
• Convenience Shop 3 - 93sqm
• Convenience Shop 4 - 93sqm
• Convenience Shop 5 - 93sqm
• Convenience Shop 6 - 93sqm
• Convenience Shop 7 - 106sqm
• Convenience Shop 8 - 87sqm
• Convenience Shop 9 - 196sqm
• Convenience Shop 10 - 101sqm
• Convenience Shop 11 - 100sqm
• Convenience Shop 12 - 100sqm
• Gym/ Medical - 524sqm
For further details on this property, please contact the marketing agent Arton Meka on 0413 860 305.
For more details, please email agent