196 Warrandyte Road,
Ringwood North, VIC 3134
Shops & Retail
Price information
Sale - Auction Tue 3 Dec
Contact Agent
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
Private inspections
to arrange a private inspection.
Vinci Carbone Property Pty Ltd - Melbourne
Level 10, 100 Collins StreetMELBOURNE, VIC 3000
196 Warrandyte Road
Ringwood North, VIC 3134
Map of 196 Warrandyte Road
Train stations within 5 km of 196 Warrandyte Road, Ringwood North, VIC 3134 Distance Ringwood East Station 2.3 km Ringwood Station 2.4 km Heatherdale Station 3.3 km Heathmont Station 3.8 km Croydon Station 3.9 km POWERED BY HERE ©Bus stops within 5 km of 196 Warrandyte Road, Ringwood North, VIC 3134 Distance Arcadia CL/Oban Rd (Ringwood North) 145 m Oban Rd/Ringwood-Warrandyte Rd (Ringwood North) 172 m Gwenmay CtOban Rd 199 m Panfield AveWonga Rd 299 m 18 Rosebank Ave 452 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.
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
Vinci Carbone Property Pty Ltd - MelbourneLevel 10, 100 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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