27 Ringwood Street,
Ringwood, VIC 3134
Offices • Development Sites & Land
Price information
Sold
$3,060,000
Key property information
Land area
Floor area
Car spaces
Parking info
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Tenure type
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Map of 27 Ringwood Street
LUCRATIVE INVESTMENT RIPE FOR GROWTH & DEVELOPMENT
- Fantastic Opportunity
- Securely Leased
- Land Area 908m2
GormanKelly is pleased to offer 27 Ringwood Street for sale by Auction scheduled for Thursday 22nd November at 12 noon.
Comprises a fantastic opportunity to secure a fully let office building in the heart of Ringwood offering development upside and potential for value add. The building is leased to a range of longstanding and secure tenants including MEGT and Jenny Craig with a current income of $247,650 per annum plus outgoings & GST (as at 1st Jan 2013).
The property occupies a high exposure site of 908m2 with potential for redevelopment to 7-8 levels and is positioned directly opposite Eastland Shopping Centre. The building has a net lettable area of 951m2 with 34 under cover car spaces. Great opportunity for investors, developers or owner occupiers.
The property is located in Ringwood, approximately 28 kilometres east of the CBD on the western side of Ringwood Street directly opposite Eastland Shopping Centre which is soon to undergo a substantial redevelopment and expansion. Ringwood Street forms the heart of Ringwood being in close proximity to bus services, Eastlink and Ringwood Train Station and is located around the corner from the Costco Store which is currently under early stages of construction.
Ringwood Law Courts are also located nearby on Ringwood Street. The property is positioned around the corner from Maroondah Highway where there are various retailers including McDonalds, Honda and Rivers, together with other restaurants and showroom users.
Comprises a fantastic opportunity to secure a fully let office building in the heart of Ringwood offering development upside and potential for value add. The building is leased to a range of longstanding and secure tenants including MEGT and Jenny Craig with a current income of $247,650 per annum plus outgoings & GST (as at 1st Jan 2013).
The property occupies a high exposure site of 908m2 with potential for redevelopment to 7-8 levels and is positioned directly opposite Eastland Shopping Centre. The building has a net lettable area of 951m2 with 34 under cover car spaces. Great opportunity for investors, developers or owner occupiers.
The property is located in Ringwood, approximately 28 kilometres east of the CBD on the western side of Ringwood Street directly opposite Eastland Shopping Centre which is soon to undergo a substantial redevelopment and expansion. Ringwood Street forms the heart of Ringwood being in close proximity to bus services, Eastlink and Ringwood Train Station and is located around the corner from the Costco Store which is currently under early stages of construction.
Ringwood Law Courts are also located nearby on Ringwood Street. The property is positioned around the corner from Maroondah Highway where there are various retailers including McDonalds, Honda and Rivers, together with other restaurants and showroom users.
Property ID: 500493567Last Updated: 29 Nov 2016
04186552...
27 Ringwood Street
Ringwood, VIC 3134
GormanKelly - Hawthorn1 Oxley Road
HAWTHORN, VIC 3122
HAWTHORN, VIC 3122
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