227 Maroondah Highway, Ringwood, VIC 3134

Development/Land | Other

For Sale Contact Agent

Expressions Of Interest

  • Property ID: 340780
  • Floor Area: 1000m²
  • Land Area: 372m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Hybrid Fibre Coaxial (HFC)
Central Ringwood Investment / Future Development Opportunity!

Commanding three level commercial building, 227 Maroondah Highway, Ringwood is now available for sale for the first time in 30 years, offered by way of Expressions of Interest (EOI) closing Thursday 22nd August 2019 at 3pm.

This outstanding property is adjacent to Eastland Shopping Centre within the core Ringwood Activity Centre, opposite Ringwood Train Station, 500 metres* from Ringwood Bypass and 1.3km* from Eastlink.

Key criteria:
- Designated Eastern Precinct within the "Ringwood MAC Urban Design Guidelines" encouraging a future development feature form of 15 storeys (53 metres)*
- Land Area: 372m2* with 12.20 metres of Maroondah Highway frontage
- Rear access via Crescent Lane
- Favourable Commercial 1 Zone
- Building area: 719m2* (NLA) and 1,000m2* (GBA)
- Current lease 4+4 years commenced 11th August 2017
- Passing Rental $115,000 per annum
- Tenant HKL Group Holdings Pty Ltd which operate a timber flooring business
- Potential for multi-tenancies including two ground floor shops, first floor offices and lower floor storage car parking

*Approx
Pricing excludes GST.

Additional Information
Features
  • Availability: Subject to Lease
  • Lease Term: 4 + 4 years
  • Rent Review: Fixed during term, annual 3% from further term
  • Car Spaces: 6 undercover in lower floor
Outgoings
  • Council Rates: $5,835.75
Ringwood Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $2509 $240 9.57%
Retail $3045 $286 9.41%
Industrial $2259 $128 5.66%
This is the average advertised price, rent and yield for Ringwood, VIC 3134*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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