GormanKelly, in conjunction with Jellis Craig, are pleased to offer 154-166 Maroondah Highway, Ringwood for sale via Expressions of Interest closing Thursday 30th August 2018 at 4pm.

This is a rare opportunity offering a fully leased investment in an irreplaceable prime lakeside location with excellent development potential.

We believe the most outstanding aspects of this property include:

• Significant land holding of 8,067m²* / Currently Zoned Commercial 2
• Anticipated future rezoning to Activity Centre Zone (STCA)
• Significant 93m* frontage to Maroondah Highway and 81m* frontage to Ringwood Lake Park
• Fully leased to tenants including Beaumont Tiles, Carpet Court, Nutrition Warehouse, Mortgage Choice and Horseland
• Total Building area 5,021m²* (NLA)
• Currently returning a total passing rental of $747,619* gross per annum plus GST
• Exceptional future mixed-use development opportunity with significant height potential (STCA)
• Located only 350m* from Eastland Shopping Centre which houses more than 300+ specialty stores over 131,000sqm, anchored Myer & David Jones and home to names such as Target, Kmart, H&M, Mecca, Uniqlo and JB HiFi
• 450m* from Ringwood’s Town Square with its contemporary blend of bars and restaurants including: 400 Gradi, The Cellar Door, Hunter & Barrel and George Colombaris’ Jimmy Grants
• Ringwood Train Station & Transport Interchange is only a few minutes’ walk (350m*) providing access to the Belgrave and Lilydale lines as well as bus services which operate along Maroondah Highway and Wantirna Road.

For more information, or to arrange an inspection please feel free to contact GormanKelly: Aldo Galante 0417 055 588, Nick Breheny 0411 601 730 or Jellis Craig: William Lyall on 0411 823 3....

*Approximate