5/25-35 Cranbourne RoadNarre Warren VIC 3805
Property Details for 5/25-35 Cranbourne Rd, Narre Warren
Last Listing description (September 2023)
Crabtrees Real Estate are pleased to present for Sale Unit 5/25-35 Cranbourne Road, Narre Warren.
Positioned with great access to major road arterials such as the Westernport Highway, South Gippsland Highway and EastLink, this property is sure to tick all the boxes.
Lease Details:
+ Rental income of $50,000 per annum plus GST and Outgoings
+ Five (5) year term commencing from September 2022
+ 3% annual increases
+ 3 Months security deposit
+ One (1) further term of five (5) years
Key Features Include:
+ Total building area: 460 sqm
+ Clearspan warehouse: 420 sqm
+ Clean office with reception area
+ Three (3) phase power
+ Good internal clearance
+ Kitchen and staff amenities
Crabtrees Real Estate is built on history, reputation and expertise.
We offer a level of knowledge others can't match.
Our team strategically located across the eastern and south eastern corridors of Melbourne are ready to handle your Commercial, Industrial and Retail Property needs today so call or email NOW!
Property History for 5/25-35 Cranbourne Rd, Narre Warren, VIC 3805
- 31 Aug 2023Sold for $845,000
- 19 Jul 2023Listed for Sale $899,000
- 20 Jun 2022Listed for Rent $45,000 / year
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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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