227 Maroondah Highway, Ringwood, VIC 3134

Development/Land | Offices

For Sale

  • Property ID: 432412
  • Floor Area: 1000m²
  • Land Area: 372m²
  • Occupancy: Vacant
Embrace the Eastland Energy!

POINT OF INTEREST:
Holding its own right beside the bustling Eastland Shopping Centre, this remarkable property embodies convenience and untapped potential. Immerse yourself in a world of endless shopping, tantalizing dining options, and captivating entertainment, all just steps away. Boasting a prime location opposite Ringwood Train Station, with the convenient Ringwood Bypass a mere 500 meters* away and seamless access to Eastlink a short 1.3 kilometers* down the road, this property places you in the heart of the action.

Embracing the visionary Eastern Precinct defined in the esteemed "Ringwood MAC Urban Design Guidelines," this property offers tantalizing future development potential. Imagine a soaring 8-storey structure, reaching a height of 28 + meters*, providing breathtaking views and endless possibilities. With a favorable Commercial 1 Zone designation, this property unlocks a multitude of commercial opportunities limited only by your imagination, and with a generous land area of 372 sqm* plus prominent 12m* frontage along Maroondah Highway, this property commands attention and ensures high visibility. Benefit from the added convenience of rear access via Crescent Lane, streamlining operations.

- 372 sqm* land area
- 12m* of Maroondah Highway frontage
- Rear access via Crescent Lane
- Favourable Commercial 1 Zone
- Building area: 719 sqm* (NLA) and 1,000m2* (GBA)
- Potential for multi-tenancies including two ground floor shops, first floor offices and lower floor storage car parking
- Short walk to Eastland, Ringwood railway, Ringwood Square hospitality precinct
- 650m* to Ringwood bypass on/off ramp

POINT OF VIEW:
This property presents an exciting opportunity for occupiers, investors and developers alike, with its strategic location and versatile design possibilities.

*Approx
Pricing excludes GST.

Additional Information
Features
  • Availability: Vacant possession
  • Car Spaces: 6 undercover in lower floor
  • Condition: good
  • Air Conditioning: Yes
  • Floors: Concrete / Carpet
  • Lifts: Goods lift at rear
  • Height: Various
  • Age: circa 1960's - Refurbished
  • Car Parking Fees: NA
Outgoings
  • Land Tax: $2,175.00 (estimate)
  • Council Rates: $8,944.75
  • Owners Corp. / Insurance: Not applicable
Ringwood Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $8154 $301 3.70%
Offices $4311 $315 7.31%
Industrial $4480 $197 4.41%
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:

  • 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.
LOGIN (Existing Members)
×

REGISTER (New Members)

Already have a CPG account? Login

×
×

×
REGISTER (New Members)
×