Fitzroys is delighted to offer 1 Cranbourne Road, Narre Warren, for sale by Expressions of Interest closing 18th November at 3pm.
This is a rare opportunity to acquire a significant site underpinned by a 5 year lease to Kennards Hire and located within the heart of Melbourne's booming South Eastern growth corridor.
First time offered in over 35 years!
Irreplaceable land holding of 3,909 sqm*
123 metres of priceless highway frontage
5 year lease (no options) to Kennards Hire Pty Ltd
Kennards Hire has more than 180 branches across Australia and New Zealand
Returning $111,000 per annum* plus outgoings and GST
Strong potential for future rental uplift
Strategically positioned next to Narre Warren Railway Station
Metres from the sprawling Westfield Fountain Gate retail and commercial precinct
High traffic location with excellent access to major arterials including Princes Highway and Monash Freeway
Surrounded by every possible amenity and an exceptionally strong residential catchment
Within City of Casey's highly desirable Activity Centre Zone (ACZ) allowing various future development outcomes (stca)
Flexible opportunity suited to either the investor or future owner occupier or developer
*approx.
1 Cranbourne Road, Narre Warren - For Sale By Expressions of Interest closing Wednesday 18th November at 3pm.
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 12,217 properties. Over the last 5 years, Houses in Narre Warren have seen a 21.43% increase in median value, while Units have seen a 36.89% increase. As at 31 May 2026:
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