56 Victor Crescent,
Narre Warren, VIC 3805

Medical & Consulting • Offices • Shops & Retail

Key property information

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Map of 56 Victor Crescent

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FREESTANDING MEDICAL INVESTMENT 100% LEASED TO ASX LISTED TENANT

Permit for 20 practitioners
NLA 1,602m² with 60 car bays*
100% leased to publicly listed tenant

CBRE Victorian Health, Aged & Child Care are delighted to present for sale Narregate Medical & Dental Centre. This outstanding freestanding medical investment with development potential (STCA) in Narre Warren presents a fantastic opportunity in a tightly held medical precinct.

Narre Warren is a burgeoning suburb in the midst of development. It is home to growing families and great facilities such as the massive Fountain Gate Shopping Centre.

Key attributes of this outstanding retail investment property include:

- Leased to Primary Health Care Limited (ASX listed) - trading as Narregate Medical & Dental Centre

- Favourable lease structure: all outgoings paid by tenant including land tax

- Irreplaceable 4,177sqm* Commercial 1 Zoned landholding

- Permit for 20 practitioners

- Modern 1,602sqm* freestanding building plus 60* on-site car parks

-Rental Income $595,164pa* plus outgoings & GST as at November 2017 with fixed 3% annual rental increases

- Prime position in Narre Warren's thriving, large format retail and commercial precinct

*approx

Narre Warren, 3805 demographic data

The median household income for Narre Warren is $1,741, 8% lower than Greater Melbourne's household income of $1,901. Narre Warren has a younger age profile compared to the rest of Greater Melbourne (median age 35 vs 37). Property ownership data shows 62% of property owners in Narre Warren have a mortgage.

27,689

Population

$1,741 per week

Median household income

35 years

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