48 Victor CrescentNarre Warren VIC 3805
Property Details for 48 Victor Cres, Narre Warren
Last Listing description (September 2015)
Savills is delighted to offer for sale a strategic highly sought after main road investment opportunity.
Key characteristics of this property include:
+ Ten year lease to Sheedy-Muirs Pty Ltd (The Good Guys)
+ Strong annual rental growth
+ Building Area 2,350 sq m
+ Tenant in occupation for 15 years
+ High Profile Surrounding Tenants
+ Expansive frontage with excellent levels of exposure
The property is being offer for sale by Expressions of Interest closing Wednesday 17th June at 3pm.
Property History for 48 Victor Cres, Narre Warren, VIC 3805
- 18 Dec 2023Sold for $12,000,000
- 23 May 2015Listed for Sale EXPRESSIONS OF INTEREST
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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 12,081 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.
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