• Sold
A Supercharged Investment In The Heart of Narre Warren/Berwick
A Supercharged Investment In The Heart of Narre Warren/Berwick
A Supercharged Investment In The Heart of Narre Warren/Berwick
A Supercharged Investment In The Heart of Narre Warren/Berwick
A Supercharged Investment In The Heart of Narre Warren/Berwick
A Supercharged Investment In The Heart of Narre Warren/Berwick
A Supercharged Investment In The Heart of Narre Warren/Berwick
A Supercharged Investment In The Heart of Narre Warren/Berwick
A Supercharged Investment In The Heart of Narre Warren/Berwick
A Supercharged Investment In The Heart of Narre Warren/Berwick
A Supercharged Investment In The Heart of Narre Warren/Berwick
A Supercharged Investment In The Heart of Narre Warren/Berwick
A Supercharged Investment In The Heart of Narre Warren/Berwick
A Supercharged Investment In The Heart of Narre Warren/Berwick

For Sale

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.

Property Details

  • 20/02/2020
  • Contact our experts for details on this transaction