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Purpose-Built Ambulance Station | High Exposure Corner Freehold

555 - 557 Princes Highway , Narre Warren VIC

Property Highlights

Renewed 6 Y lease to Ambulance Victoria
High exposure corner 1,406sqm site
Purpose built 405sqm building in 2010
Register to Bid

Description

Burgess Rawson is pleased to offer to the market 555-557 Princes Highway, Narre Warren VIC for sale via our Investment Portfolio Auction 164.

This opportunity has the following key investment highlights:

+Ambulance Victoria: Benefitting from the recently announced $500M state funding, this Government service provides emergency pre-hospital response to more than 840,000 cases each year.
+Renewed 6 year lease to Ambulance Victoria to September 2029 plus further option to 2035
+Net lease with tenant paying all usual outgoings – land tax exempt (Land Tax Act 2005 Section 74).
+Favourable annual CPI rent reviews.
+Prominent 1,406sqm* corner landmark freehold site with a combined 75 metre* frontage
+Freestanding building with dual cross over to Princes Highway and Richardson Street
+Strategic tenant choice location with easy access to major arterials, Princes Highway, Monash Freeway and Narre Warren North Road
+High exposure location only 200 metres from Monash Freeway & Princes Highway intersection with 129,000 vehicles passing daily
+Modern well kept 405sqm* station, purpose built for Ambulance Victoria in 2010
+Position perfect, adjacent to national retailers, Mercedez Benz, Toyota, KFC and only 750m* from Casey Lifestyle Centre (JBHi-Fi, Total Tools, Petbarn + more)
+Only 1km* from Narre Warren train station
+Immediately opposite the Mercedes Benz car dealership and service centre which services all ambulance vehicles
+Specialised emergency light signals, allowing immediate and direct vehicle access onto Princes Highway
+City of Casey population is forecast to grow 40.57% to 551,362 residents by 2041
+Net income: $119,940 pa + GST

To be sold via Investment Portfolio Auction 164
10:30am (AEDT) Wednesday 25 October 2023
Crown Metropol – Melbourne
Unless sold prior

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Government
Land Size
1,406 SQM
Building Area
405 SQM

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