1 Prestige PlaceNarre Warren VIC 3805
Property Details for 1 Prestige Pl, Narre Warren
Last Listing description (September 2023)
Dawkins Occhiuto are pleased to present for your consideration the opportunity to purchase a modern showroom investment located at 1 Prestige Place, Narre Warren.
Known as Subaru Berwick, this superior retail investment comprises a high quality motor vehicle dealership that incorporates sale, financing and servicing/maintenance.
The property generates an income of $693,211* p.a. and is fully leased to a wholly owned subsidiary of one of the world's largest Automotive groups, Inchcape.
Strategically located at the core of the Narre Warren/Berwick retail and commercial precinct and only metres to two major arterials (Monash Freeway and Princes Highway), this asset enjoys direct access to some of Melbourne's fastest growing suburbs and to the CBD (38km).
For Private Sale. Please contact Dawkins Occhiuto for further information or to organise an inspection.
Property History for 1 Prestige Pl, Narre Warren, VIC 3805
- 08 Mar 2024Sold for $10,250,000
- 06 Mar 2023Listed for Sale Contact Agent to Discuss
- 05 Aug 2019Sold for $9,650,000
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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 12,096 properties. Over the last 5 years, Houses in Narre Warren have seen a 35.21% increase in median value, while Units have seen a 25.17% increase. As at 31 July 2024:
- The median value for Houses in Narre Warren is $770,487 while the median value for Units is $532,495.
- Houses have a median rent of $520 while Units have a median rent of $490.
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