4/418 Princes HighwayNarre Warren VIC 3805
Property Details for 4/418 Princes Hwy, Narre Warren
Last Listing description (November 2023)
This excellent office/retail space comprises air-conditioning, recently partitioned offices (by the tenant), disability access, entry via three doors if required, reception, an open plan area including a kitchenette and a common area car park.
The quality tenant 'Tammy Lobarto Hair Replacement Services' has already renewed their further lease term that provides three more years from 19/5/24, returning $48,300pa net.
This approximately 138m space is located in a group of commercial buildings on the corner of the Princes Highway and Webb Street with great exposure.
It is also surrounded by Fountain Gate, Berwick Business Park and the Webb Street retail/business precinct, which abuts the Railway Station. Hence, it is considered a perfect location for business.
Realistically priced, the property boasts a return above 5.4% (from May 24) for the astute investor.
Enquire at www.faceyproperty.com.au to make your next move.
Property History for 4/418 Princes Hwy, Narre Warren, VIC 3805
- 20 Dec 2023Sold for $875,000
- 13 Nov 2023Listed for Sale $890,000
- 01 Oct 2021Sold for $810,000
Recent sales nearby
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0About 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 12,278 properties. Over the last 5 years, Houses in Narre Warren have seen a 14.62% increase in median value, while Units have seen a 25.09% increase. As at 31 July 2026:
- The median value for Houses in Narre Warren is $825,496 while the median value for Units is $589,593.
- Houses have a median rent of $580 while Units have a median rent of $530.
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