50 Maroondah Highway, Ringwood, VIC 3134

Showrooms | Development/Land | Industrial

Sold

  • Property ID: 445159
  • Floor Area: 587m²
  • Land Area: 826m²
Sold / Leased Results

Name Result Date Floor Land Result Price
Total Sold 01/07/2024 587m2 826m2 Contact Agent
Gateway to Ringwood starts here.

*OFFERS UNDER REVIEW

PRIVATE SALE BY CLOSING DATE: 27TH JUNE 2024 AT 1PM

This purpose-built tyre store has been held closely by the same family since 1963, and as they shift gears into another direction, the opportunity to own 826 sqm* of Maroondah Highway real estate is as significant as it gets. With over 60 m* of frontage wrapping around to New Street, the 587 sqm* includes 170 sqm* of mezzanine storage. It has been occupied by Beaurepairs and the agreement is set to conclude on the 17th of March, 2025. They’re paying $169,703.04 per annum plus GST and outgoings for the pleasure, not to mention the 29,000* passing vehicles here daily, making this a future-proof addition to an astute investor’s portfolio.

There are several strategic options for a package of this calibre. Suppose you’d like to wait out the lease. In that case, it offers a premium opportunity for occupiers, particularly automotive operators and retailers wanting a showroom to place their business in a high-exposure location. In saying that, developers have the opportunity to reimagine the property and capitalise on the airspace above, the premium location, and the corner position.

It faces Ringwood Square Shopping Centre, anchored by Coles, Bunnings, Aldi, and over 30 specialty stores, but a little further down the highway you’ll also find Supercheap Auto, Savers, and McDonald's. For Westfield shoppers, Eastland Shopping Centre is only 750 m* away, and for bulk buying, Costco is 50 m*.

Accessibility doesn’t get better. Ringwood railway station sits 750 m* away, but the 742 and 901 bus stops are within 50 m* from your doorstep. For when you’re behind the wheel, the Eastlink is quite literally around the corner, and so is the Ringwood bypass.

- 826 sqm* total land area.
- 587 sqm* total building area.
- 170 sqm* including mezzanine storage.
- Short term lease in place.
- Passing rental $169,703.04 per annum plus GST and outgoings.
- Activity centre zoning.
- 29,000* passing vehicles daily.
- 750m* to Eastland Shopping Centre.
- 750m* to Ringwood railway station.
- 50 m* to the 742 and 901 bus stops.
- 1 min* drive to the Eastlink.

POINT OF VIEW:

A site surrounded by retail prowess, holding its own as the highway’s knight in shining overalls. This is the East’s biggest and most blatant opportunity for unparalleled future value.

*Approx.
Pricing excludes GST

Additional Information
Features
  • Availability: 60 Days
  • Condition: Good
  • Air Conditioning: Office Area
  • Floors: Concrete
  • Lifts: Goods lift
  • Height: 5.5 meters
  • Age: 60 years
Outgoings
  • Water Rates: $1,342.88 approx. pa
  • Land Tax: $18,450 approx. pa
  • Council Rates: $5,567.55 approx. pa
  • Owners Corp. / Insurance: N/A
Ringwood Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial $4764 $203 4.26%
Offices $4787 $321 6.71%
Retail $8537 $316 3.70%
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.
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