8 & 9, 418 Princes Highway,
Narre Warren, VIC 3805

Offices • Medical & Consulting

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Map of 8 & 9, 418 Princes Highway

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Rare opportunity to invest here!

Prime corner, Princes Hwy & Webb Street
Walk to Westfield's Fountain Gate
Walk to Webb Street retail outlets and s

What an investment - corner of Princes Highway & Webb Street with the ever expanding Fountain Gate Westfield Shopping Centre as a neighbour.

Excellent offices in heart of Narre Warren's commercial precinct. Two separate tenancies and hence a flexible investment that you could occupy circa July 2018. Unit 8 is approximately 111m2 and is leased to Jakupi & Assocaites on a 3 year term that commenced 1st Feb 2014. It has set reviews to 4% and the tenant has an option term of 18 months. Unit 9 is approximately 60m² and the Tenant has just renewed for a further three (3) years effective from 1st July 2015. The reviews are 3% annually but the rental for 2015/16 has not been finalised to date. For the past twelve months the rental has been $26,877pa + GST + Outgoings.

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

Median age

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