A Supercharged Investment In The Heart of Narre Warren/Berwick
Subaru Berwick, 1 Prestige Place, Narre Warren, Victoria 3805
Retail For Sale
Land Area: 3,950.00 m2. Floor Area: 1,365.00 m2.
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
For more information on this outstanding investment opportunity please contact the Colliers International Sales team.
- Net income of $643,077 p.a*
- 10x5x5 year lease
- High profile Commercial 1 corner site
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