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Sold on 6 Sep 2016

430-440 Princes Highway Narre Warren VIC 3805

  • Retail
  • 18,070 m²
  • Sold

The Ultimate Low-Risk Retail Investment

• Highly strategic 4.732 ha* parcel of land with frontages to both Princes Hwy and Narre Warren North Road, within Narre Warren-Fountain Gate CBD
• ‘Ground Lease’ to Action Realty Australia Pty Ltd until August 2033 (no further options)
• Current Ground Rental of $686,786 pa* + GST
• Proposed ‘Activity Centre Zoning’
• Currently improved with established Large-Format-Retail centre with a GLA of 18,070* anchored by several tier 1 retail tenants including JB Hi-Fi, Forty Winks and Anaconda

The property is offered for sale by Expressions of Interest.

Registration of Capability close 12pm Tuesday 17 May 2016
Expressions of Interest close 3pm Monday 20 June

This property is being sold individually or is available in conjunction with the adjacent property 1-9 Regency Drive, Narre Warren:


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Property Highlights

Property ID2012760829
Date Sold6 Sep 2016
Floor Area18,070 m²
Land Area4.73 ha
ParkingAsk Agent
Last updated  26 Jul 2016
Map for 430-440 Princes Highway Narre Warren VIC 3805
JLL - Melbourne
Level 40 101 Collins Street Melbourne VIC 3000

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