A Supercharged Investment In The Heart of Narre Warren/Berwick

Subaru Berwick, 1 Prestige Place, Narre Warren, Victoria 3805

Retail For Sale

For Sale
Land Area: 3,950.00 m2.    Floor Area: 1,365.00 m2.    

Description

Colliers International are pleased to offer For Sale Subaru Berwick at 1 Prestige Place, Narre Warren.

A rare investment opportunity to acquire a substantial corner site with modern improvements underpinned by a 10x5x5 year lease to one of the world’s largest Automotive groups.

Zoned Commercial 1 and only metres from both Monash Freeway & Princes Highway, the property is in the heart of the Narre Warren/Berwick retail and commercial hub that features Westfield Fountain Gate Shopping Centre and a plethora of surrounding high profile brands.

Key investment highlights include:

• 10x5x5 year lease
• Leased to a subsidiary of Inchcape, one of the world’s largest Automotive groups
• Net income of $643,077 p.a.*
• Fixed annual rent increases
• Commercial 1 zoned corner site of 3,950m²*
• Modern improvements of approximately 1,365m²*which features a main showroom, administrative offices, large service centre as well as outdoor display/car parking
• Nearby recent multi storey commercial development providing precedence for future value-add
• Situated only metres from Monash Freeway, Princes Highway & Westfield Fountain Gate
• Exceptionally strong catchment of surrounding residents including some of Australia’s quickest growing suburbs in the South East Growth Corridor

*Approx

For more information on this outstanding investment opportunity please contact the Colliers International Sales team.

Features

  • Net income of $643,077 p.a*
  • 10x5x5 year lease
  • High profile Commercial 1 corner site

Specifications

Zoning Commercial 1

Map

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