Investment | Other

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.