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Vinci Carbone Property Pty Ltd - Melbourne

196 Warrandyte Road Ringwood North, VIC 3134

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196 Warrandyte Road,
Ringwood North, VIC 3134

Shops & Retail
Added 1 day ago

Price information

Sale - Auction Tue 3 Dec

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Key property information

Land area

Floor area

Property extent

Zoning

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$59,635
Number of Tenants
1 Tenant
Tenants / Type
NORTH RINGWOOD FAMILY PHARMACY

Auction

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Vinci Carbone Property Pty Ltd - Melbourne
Frank Vinci
Zach Molinaro

Vinci Carbone Property Pty Ltd - Melbourne

Level 10, 100 Collins Street
MELBOURNE, VIC 3000
Vinci Carbone Property Pty Ltd - Melbourne
196 Warrandyte Road
Ringwood North, VIC 3134

Map of 196 Warrandyte Road

Directions
  • Train stations within 5 km of 196 Warrandyte Road, Ringwood North, VIC 3134Distance
    Ringwood East Station2.3 km
    Ringwood Station2.4 km
    Heatherdale Station3.3 km
    Heathmont Station3.8 km
    Croydon Station3.9 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 196 Warrandyte Road, Ringwood North, VIC 3134Distance
    Arcadia CL/Oban Rd (Ringwood North)145 m
    Oban Rd/Ringwood-Warrandyte Rd (Ringwood North)172 m
    Gwenmay CtOban Rd199 m
    Panfield AveWonga Rd299 m
    18 Rosebank Ave452 m
    POWERED BY HERE ©
POWERED BY HERE ©

PREMIUM PHARMACY INVESTMENT OPPORTUNITY

  • NEW 5 YEAR LEASE
  • LEASED TO WELL ESTABLISHED BUSINESS
  • LARGE COUNCIL CAR PARK AT THE REAR
Vinci Carbone is pleased to present this highly sought-after healthcare sector investment located within the tightly held Ringwood North Shopping Village.

This excellent opportunity is anchored by the North Ringwood Family Pharmacy, which has recently secured a renewed 5-year lease extending to 2029, featuring fixed annual increases that ensure consistent rental growth. North Ringwood Family Pharmacy have occupied the property for over 16 years.

Notable Features:

+ Property Overview: Spanning an impressive 158 sqm*, this retail premises offers a substantial opportunity for investment.

+ Tenant Profile: Currently leased to North Ringwood Family Pharmacy, this property features a renewed 5-year lease extending to 2029. It generates an annual return of $59,635 per annum* plus outgoings plus GST, complemented by fixed annual increases that ensure steady income growth.

+ Investment Potential: This represents a rare opportunity for investors to acquire a highly sought-after healthcare sector asset in a strategically advantageous location, promising both stability and growth.

+ Convenient Accessibility: The property is well-served by public transport, with regular bus services operating along Warrandyte Road. While Ringwood Train Station is a short drive away, the location ensures easy access for customers and employees alike.

+ Exceptional Location: Positioned adjacent to the Ringwood North Shopping Centre, anchored by a prominent IGA supermarket, this property benefits from close proximity to key institutions such as Norwood Secondary College, Eastern Health Maroondah and Swinburne University of Technology – Croydon. The location also provides quick access to major road networks, including Eastlink, Maroondah Highway and Ringwood Bypass, enhancing connectivity to the broader region.

Note: North Ringwood Family Pharmacy also occupies the adjoining property at 198 Warrandyte Road - please note that 198 Warrandyte Road is a separate property and is not part of the property which we are selling at 196 Warrandyte Road.

We strongly recommend considering this magnificent investment opportunity.

Auction: Tuesday 3 December at 2.30pm on-site

*approx.
 

Property ID: 504734576Last Updated: 12 Nov 2024

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