CVA Property Consultants are pleased to offer this exceptional main road freehold investment property for immediate private sale.
This outstanding retail/commercial freehold investment in the heart of the bustling Maroondah Highway, Ringwood business district close to Costco, Eastland and Bunnings. New leases to established tenants trading as Answers 2 Hair Academy and Income Tax Professionals, this high profile property offers the astute investor a secure income stream with future development potential.
Investment Summary:
Ground floor:
Tenant: Answers 2 Hair Academy
Lease Term: New 3+3 year lease
Commencement: 1st October 2017
Rental Return: $90,000 p.a. plus GST & outgoings
First floor:
Tenant: Income Tax Professionals'
Lease Term: Renewed 3 year lease
Commencement: 15th November 2017
Rental Return: $22,500 p.a. plus GST & outgoings
Total Income $112,500 p.a. plus GST & outgoings
Property Summary
- Excellent future upside with potential mixed use development for 5+ levels (STPA)
- Sought after Commercial 1 Zoning
- Substantial two level building 426m2*
- Site area 499m2* with access to rear public car park
- Generous Maroondah Highway frontage of 12.2 metres
- 350 metres* from the New Eastland Shopping Centre and Ringwood Train Station
Please contact CVA Property Consultants for further information or to arrange an on-site inspection.
* Approx.