Suite 5-7, 418 Princes Highway,
Narre Warren, VIC 3805

Offices • Medical & Consulting

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Attention Investors!!

6.6% return
Proven development
Ideal for private investors

Attention Investors!
This reliable office investment opportunity in Narre Warren has just had their tenant renew their lease for a further 3 years. Located @ the prime corner of Princes Hwy & Webb Street it is in walking distance to the train station and the ever expanding Fountain Gate Super Centre operated by Westfield.

The renewal of lease is for 3 years, commencing 01/07/15 & the current rent $64,020 per annum with 3% reviews. Suites that make up this lot could be easily split into smaller areas!

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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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