Pakenham

Nestled in Pakenham, Altius is a boutique community only minutes from the township, providing a calm and peaceful retreat for first home buyers.

Developed by Creation Homes, Altius is located amongst an enviable mix of recreation, shopping, dining and entertainment.

Pakenham provides a fresh start to new residents, with amenities including the historically significant Winjeel&rsquo;s trail, the local Bunyip State Park, and the bustling local markets that feature fresh produce, unique artwork and craftware.

The heart of the Dandenong Ranges is just a 40-minute drive away, with cafes, antique shops, wineries and an abundance of bike and walking tracks.

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Boasting a collection of 33 residences in three and four-bedroom configurations, Altius features lots ranging in size from 322sqm to 608sqm.

&ldquo;Everything you need for comfortable living is at your fingertips&rdquo;, the project marketing reads, with privacy, community and a sense of peace and tranquillity at the forefront the project&rsquo;s design.

First home buyers and growing families alike have plenty of choice with a great range of house and land packages offering an affordable contemporary home design.

The developers also require just a 10 per cent deposit until the completion of the home.

Urban takes a look at three configurations on offer at Altius.

1. Coventry 165

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Available at Lot 28 of the Altius collection, Coventry 165 is a single-storey detached home.

Featuring three bedrooms, two bathrooms and a laundry, this spacious layout lies on a 475sqm lot with an internal area of 167.55sqm.

Homebuyers can choose between four fa&ccedil;ade options - Callista, Classic, Coastal or Plantation - to bring a unique style to their property.

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The home is listed for $585,640 and includes a walk-in robe in the main bedroom, open-plan living, dining and kitchen and a two-car garage.

2. Wynyard 181

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This large four-bedroom, two-bathroom property in Pakenham is ideal for family living.

Sitting on a 532sqm lot, Wynyard 181 is another single-storey home at Altius that offers four fa&ccedil;ade options, a master-bedroom with ensuite and walk-in robe, and a two-car garage.

Like all homes at the Cardinia Estate, Wynyard 181 comes finished with premium inclusions, including flooring, stainless steel appliances, LED downlights and a six-star energy rating.

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With an internal area of 183.33sqm, the spacious configuration at Lot 13 is available for families or investors at an affordable price of $612,640.

3. Gladstone 200

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As the largest configuration still available at Altius, Gladstone 200 provides the necessary room for entertaining family and friends.

The development features an internal area of 202.8sqm and sits on a 547sqm lot, which includes site works, front and rear landscaping, driveway and fencing.

Located at Lot 30, the four-bedroom, two-bathroom home includes a laundry, alfresco dining area, open-plan living kitchen and dining, a study and two-car garage.

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The full turn-key home is listed for $631,640, and similarly allows residents the choice between four fa&ccedil;ade options.

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Urban takes a look at three configurations on offer at Altius at Cardinia Estate

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Pakenham townhouse development Altius offering buyers a number of floorplans

<html><body>Positioned on the edge of the West Gippsland region and just 45 minutes from Melbourne’s CBD, this 136 townhouse development is strategically located next to Pakenhan train station &amp; future childcare centre.</body></html>

Live within walking distance to the heart of Pakenham.

urban.com.au

Oreana Property introduces a new townhouse development for Pakenham.

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Stronghold Investment Management has acquired the Cardinia Club, a freehold investment in Melbourne’s Pakenham. 
Stronghold purchased the property as a trustee for the Stronghold Hospitality Property Trust No.15, a Brisbane based fund manager with several freehold investments in the hospitality industry. 
The Cardinia Club has 105 EGM’s, a large bistro, upmarket sports bar and multiple function rooms. 
The venue was originally part of the Pakenham Racecourse before the Pakenham Racing Club moved its operations to a new racing facility at Tynong North. 
CBRE Hotels negotiated the sale on behalf of the Pakenham Racing Club with a new 13-year lease to Pakenham Racing Club.
Stronghold is projecting an initial cash return of 7.5% per annum for its wholesale investors.
“This gaming investment generated a significant level of interest from the market, but it took an informed investor like Stronghold to recognise the strength of this opportunity with Pakenham Racing Club as its tenant,” Callow said. 
Steve de Nys, Head of Property at Stronghold, commented the club established in 1875, had 160 employees and three venues.
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Investment management company Stronghold snaps up $16 million Cardinia Club, Pakenham

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Pakenham Racing Club has listed the freehold investment of its popular Cardinia Club for sale with an $18 million plus price guide.
CBRE Hotels’ Scott Callow and Will Connolly have been appointed to market the well-established gaming and hospitality venue at 71 Racecourse Road, Pakenham.
It is underpinned by an initial 14-year lease, plus options, to Pakenham Racing Club.
The Club is situated on a 1.655ha landholding.
IT comprises 105 EGM’s, a popular bistro and dining facility, function rooms, sports bar and liquor licence for 425 patrons. 
Pakenham Racing Club recently sold an adjoining site for the development of a large accommodation motel which, once complete, will further generate demand for the Club facilities.
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Mr Callow said the Club is anticipated to attract substantial interest from investors looking to capitalise on the lucrative gaming industry in Pakenham.
“The outstanding 15-year lease to the long-established Pakenham Racing Club offers the long-term prospect of strong annual growth and net returns,” Mr Callow said. 
Michael Hodge, the Chief Executive Officer of the Pakenham Racing Club, said offers close June 14 2018 at 4pm (AEST).
 
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Pakenham Racing Club lists Cardinia Club

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Monomeith Park at Monomeith, just over 15 minutes from Pakenham, has been listed by the Bourke family after three generations of ownership.
The Bourke family has successfully run sheep and beef cattle on <a href="https://www.realestate.com.au/property-livestock-vic-monomeith-7888982" target="_blank">the 228 hectare grazing property</a>.
It is for sale at $24,710 per hectare ($10,000 an acre) through Ruralco Property, Pakenham agent Ray Cullen.
Robert Bourke said his family’s ownership stretched back to 1907 when the run was about 3000 acres running beef cattle and, until the late 1940s, 8000 sheep.
The old woolshed and press are still here.
Sir Sidney Kidman was a great friend of the family and often visited Bourke's grandfather.
The double-fronted weatherboard homestead, built in 1899 and heritage-listed by Cardinia Shire, is surrounded by the sea of flowers in Vivienne Bourke’s garden.
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Monomeith Park, Pakenham listed by Bourke family

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A Pakenham rural property with character, charm and, most importantly, potential is up for November auction.
The 1.44 acre property, located at <a href="https://www.realcommercial.com.au/property-land+development-vic-pakenham-502140478" target="_blank">65 Racecourse Road, Pakenham</a>, dates back to the 1920's Bourke family, who were prominent graziers and horse racing identities.
The prominent Pakenham landmark is set amongst mature oak trees in a fine garden, while the large weatherboard home has broad timber decked return verandas.
The interior with 10 foot ceilings and wide timber panelled passage ways offers four generously proportioned bedrooms, plus study and two stately living rooms complete with original fire places, ornamental ceiling and with double hung sash windows throughout.
The country style eat-in kitchen still has the original combustion stove in place, plus family bathroom and sun room. The original racing stables are still in place.
The property offers a unique opportunity to restore to its former glory and/ or further develop (STCA). It is positioned with access to the M1 Freeway, public transport and major shopping and services.
Initial terms is a 10% deposit with balance 30/60 days.
The property is offered through First National Commercial agents Todd McKenna and Nyall Greene and is set to go under the hammer on November 12.
There is a racing property also listed at <a href="/news/59994-cora-lynn-equestrian-property-listed" target="_blank">Coral Lynn</a>.
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1920s weatherboard home and former racing stables at Pakenham slated for auction

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The retired Victorian racehorse trainers Fran Houlahan and her husband Brian Johnston have listed their Pakenham training headquarters on the outskirts of Melbourne.
There is an asking price of $1.89 million for their 26-hectare Cora Lynn property.
The property at 250 Murray Road is close to the new racecourse at Pakenham Club at Tynong North.
<a href="https://www.ruralcoproperty.com.au/real-estate/property/892336/sold/other/vic/cora-lynn-3814/250-murray-road/" target="_blank">It has been listed by Ray Cullen of Ruralco Property</a> who expects interest expected from within the racing industry, as well as from farm investors as it has also been used as a base for Mr Johnston's Waygu beef operation.
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Pakenham

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