FOR SALE
$720,000 - $770,000

2 & 3/471 Princes Highway
Narre Warren VIC 3805

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 206m2
Land area: 210m2
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Prime Commercial Property for Sale: Shop 2 & 3, 471 Princes Hwy, Narre Warren, 750k each

This exceptional investment opportunity consists of two adjoining commercial shops sold as one package or individually, currently leased as a thriving restaurant, generating a annual rent of approximately $72,000/year (combined).
The property offers ample space and versatility for various commercial uses. Strategically positioned in a high-traffic area with excellent visibility and accessibility on Princess Highway, Narre Warren ensuring maximum exposure for your business, providing ample space for retail, office, or service-oriented ventures.
The property located as part of a 900 sqm block shared with one neighboring business, providing convenient parking spots available at the rear, plus access to a shared area of ample parking in front of the building, shared with one neighboring business, offering potential for collaboration and customer traffic.
This property offers a rare chance to secure a well-positioned commercial asset in the rapidly growing Narre Warren area. Don't miss out on this unique investment!
Please contact Lin Zhang on 0403 187 808 for an appointment.
*Photo I.D Required Upon Inspection*
Disclaimer: We have in preparing this document used our best endeavors to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospect purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquiries and refer to the due diligence checklist provided by Consumer Affairs. Click on the link for a copy of the due diligence checklist from Consumer Affairs.

Property Details for 2 & 3/471 Princes Hwy, Narre Warren

Building Type
Commercial
Floor Size
206m2
Land Size
210m2

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About Narre Warren 3805

The size of Narre Warren is approximately 14 square kilometres. It has 52 parks covering nearly 9% of total area. The population of Narre Warren in 2011 was 25,882 people. By 2016 the population was 26,623 showing a population growth of 2.9% in the area during that time. The predominant age group in Narre Warren is 20-29 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 2011, 75.3% of the homes in Narre Warren were owner-occupied compared with 71.7% in 2016.

Narre Warren has 12,080 properties. Over the last 5 years, Houses in Narre Warren have seen a 28.17% increase in median value, while Units have seen a 31.90% increase. As at 31 October 2024:

  • The median value for Houses in Narre Warren is $767,399 while the median value for Units is $551,053.
  • Houses have a median rent of $550 while Units have a median rent of $500.
There are currently 66 properties listed for sale, and 25 properties listed for rent in Narre warren on OnTheHouse. According to CoreLogic's data, 430 properties were sold in the past 12 months in Narre warren.

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