2A & 2B/3 Webb Street, Narre Warren, VIC 3805 | Commercial for sale | OnTheHouse
 
FOR SALE
EOI - Offers Close 14th Oct (Unless Sold Prior)

2a & 2b/3 Webb Street
Narre Warren VIC 3805

Bedrooms: -
Bathrooms: -
Car spaces: 3
Floor area: 253m2
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Rare Two-Factory Investment In Activity Zone 2 - Narre Warren Village

Phone enquiries - please call 1300 594 794 and quote property ID 41267.
EOI - Offers Close 14th October (Unless Sold Prior)
ESR: $770,000-$830,000 - GST Not Applicable
2A & 2B / 3 Webb Street, Narre Warren
Rare Two-Factory Investment | 253sqm* - one title | Strong Holding Income | 23m Height Development Potential STCA
A truly rare opportunity to acquire two established industrial factories on one title, with three allocated car parks on title, strategically positioned in the heart of Narre Warren and offered to the market for the first time in approximately 35 years.
Comprising 253sqm* and two separately leased factory premises, the property provides an attractive combination of immediate holding income, flexible industrial utility and significant future development potential. It is also an ideal choice for self managed super funds.
The Property
Factory 2A - 97sqm
Currently leased at $17,100 per annum + GST + outgoings
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Property Details for 2a & 2b/3 Webb St, Narre Warren

Building Type
Commercial
Floor Size
253m2
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About Narre Warren 3805

The size of Narre Warren is approximately 14.0 square kilometres. There are 52 parks, covering nearly 9.0% of the total area. The population of Narre Warren in 2016 was 26621 people. By 2021 the population was 27689 showing a population growth of 4.0% in the area during that time. The predominant age group in Narre Warren is 30-39 years. Households in Narre Warren are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Narre Warren work in a trades occupation.In 2021, 69.20% of the homes in Narre Warren were owner-occupied compared with 71.70% in 2016.

Narre Warren has 12,263 properties. Over the last 5 years, Houses in Narre Warren have seen a 11.63% increase in median value, while Units have seen a 22.96% increase. As at 31 August 2026:

  • The median value for Houses in Narre Warren is $809,701 while the median value for Units is $584,217.
  • Houses have a median rent of $580 while Units have a median rent of $530.
There are currently 76 properties listed for sale, and 29 properties listed for rent in Narre warren on OnTheHouse. According to Cotality's data, 521 properties were sold in the past 12 months in Narre warren.

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