FOR SALE
$1,000,000-$1,100,000

453 & 453a Princes Highway
Narre Warren VIC 3805

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 725m2
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Plans & Permits for a Medical Centre

Exceptional Investment & Commercial Potential
Set on approx. 725sqm, and in the Heart of Narre Warren, this property offers exceptional potential and endless possibilities. The position is geographically perfect, approximately 650 metres from the Fountain Gate Shopping Centre a 5-minute walk to the Narre Warren train station, and only moments to the shops and cafes.
There is exceptional scope to capitalise on approved plans and permits (STCA) to build a Medical Centre (Up to 6 medical practitioners) to unlock the commercial potential.
The property consisting of Unit 1, Unit 2 and common area (Approx.389sqm, 263 sqm and 73sqm respectively) offers enormous scope and potential to renovate, extend, refurbish, or redevelop. The existing original house features 3 generous bedrooms, a living room, spacious kitchen, main bathroom and laundry which is currently leased on a month on month basis for $1739 per calendar month.
Features:
-Approx. 725sqm (Land)
-Plans and permits for a Medical Centre (Up to 6 medical practitioners)
-Existing house with 3Bedrooms & 1Bathroom
DISCLAIMER: All stated dimensions are approximate only. Every care has been taken to verify the accuracy of the details in this advertisement, however we cannot guarantee its correctness. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent. Prospective purchasers are requested to take such action as is necessary to satisfy themselves of any relevant matters.
*The design/drawings are for reference only and the development plans and planning permit in place on the property by OPTIMA – Australia’s specialist healthcare builder.
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Property Details for 453 & 453a Princes Hwy, Narre Warren

Building Type
Commercial
Land Size
725m2

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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 12,097 properties.

    There are currently 46 properties listed for sale, and 15 properties listed for rent in Narre warren on OnTheHouse. According to CoreLogic's data, 447 properties were sold in the past 12 months in Narre warren.

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    Sathiska (Shaa) Weerarathna
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