2 Vesper Drive, NARRE WARREN VIC
Income Security in a Prime Precinct
For Sale | Contact Agent for Pricing
Secure investment asset
Longstanding reputable tenant
5 year lease renewal (plus options)
Fixed annual increases
Strong net income
Future development upside
Facey Property is pleased to present a securely leased investment opportunity offered for sale by Expression of Interest closing Tuesday, 24 February at 4.00pm.
The property is underpinned by a longstanding tenant, Berwick Sand & Soil, providing strong income security. A 5 year lease renewal (plus options) commenced on 1 April 2023, with a current passing rent of $237,100.22 net per annum (as at 6 October 2025), supported by fixed annual 3% reviews and a further 5% rental increase at the next option.
Additional investment benefits include a strong net income profile, which reduces the exposure to outgoings for investors.
Strategically positioned on the corner of Princes Highway, the property enjoys outstanding exposure directly opposite Bunjil Place and Westfield, placing it at the heart of Narre Warren/Casey’s major civic, retail, and lifestyle precincts, with exceptional traffic flow and long-term growth fundamentals.
This is a compelling opportunity to secure a high-quality, income-producing asset in a tightly held location with a proven tenant and built-in rental growth.
Enquire at www.faceyproperty.com.au to make your next move.
DETAILS
LAND AREA
4,603 m2
ZONING
Industrial 3