121-123 Bedford Road,
Ringwood East, VIC 3135
Shops & Retail
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Gorman Commercial Real Estate
L1 /415 Riversdale RoadHAWTHORN EAST, VIC 3123
121-123 Bedford Road
Ringwood East, VIC 3135
Map of 121-123 Bedford Road
ULTIMATE CORNER SET & FORGET INVESTMENT WITH DEVELOPMENT UPSIDE
- Income: $116,000 pa + GST
- High exposure landholding of 589 sqm
- 5 year lease to longstanding tenant
Gorman Commercial is pleased to offer 121-123 Bedford Road, Ringwood East for sale via Public Auction on Wednesday 8th October at 12 noon on-site.
The property presents an exceptional opportunity for investors to purchase this prominent corner freehold leased to a longstanding tenant and underpinned by future development potential.
* Income: $116,000 pa + GST + Outgoings
* Recently renewed five (5) year lease to longstanding tenant who has been in occupation since 2015
* High exposure landholding of 589 sqm + 17 metres frontage to Bedford Road
* Versatile building area of 523 sqm – comprising large retail showroom, first floor office and storage.
* High clearance warehouse and additional first floor mezzanine storage.
* Rear land ripe for future development potential (STCA)
* Substantial on-site parking
* Rear roller shutter door access
* No further options on the lease providing future owner occupier potential
* Easy access to major arterial routes such as Canterbury Road, Maroondah Highway and Eastlink
The property presents an exceptional opportunity for investors to purchase this prominent corner freehold leased to a longstanding tenant and underpinned by future development potential.
* Income: $116,000 pa + GST + Outgoings
* Recently renewed five (5) year lease to longstanding tenant who has been in occupation since 2015
* High exposure landholding of 589 sqm + 17 metres frontage to Bedford Road
* Versatile building area of 523 sqm – comprising large retail showroom, first floor office and storage.
* High clearance warehouse and additional first floor mezzanine storage.
* Rear land ripe for future development potential (STCA)
* Substantial on-site parking
* Rear roller shutter door access
* No further options on the lease providing future owner occupier potential
* Easy access to major arterial routes such as Canterbury Road, Maroondah Highway and Eastlink
Ringwood East, 3135 demographic data
The median household income for Ringwood East is $1,817, 4% lower than Greater Melbourne's household income of $1,901. Ringwood East has an older age profile compared to the rest of Greater Melbourne (median age 38 vs 37). Property ownership data shows 53% of property owners in Ringwood East have a mortgage.
10,764
Population
$1,817 per week
Median household income
38 years
Median age
Owners
Most residents
Families
Most households
Gorman Commercial Real Estate L1 /415 Riversdale Road
HAWTHORN EAST, VIC 3123
HAWTHORN EAST, VIC 3123
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