107 Maroondah Highway, Ringwood

Subscribe to regular market updates. 100% Let with 6% Yield | Seize this opportunity to secure a substantial freehold premises in a prized Activity Centre Zone. Spanning two separate shops on one title, with dual frontages to Maroondah Highway and via Public carpark to Seymour Street, the shops are currently leased individually to provide two income streams totaling $76,424.90 PA + GST and Outgoings. The ideal astute investment opportunity or as your own future business premises or explore future development opportunities available under the Activity Centre zoning, which provides potential for a multi-level development of up to 8 storeys (STCA),. Strategically positioned at the heart of Ringwood’s commercial precinct, just 25km east of Melbourne’s CBD. * Total Land area 259sqm approx. * Total Building area 250sqm approx.. * Front retail store on Maroondah Highway currently leased to an Indian supermarket * Rear retail store currently leased to a large beauty salon * Split system air conditioning and heating throughout * Kitchenettes and storerooms in both shops * Thriving central location surrounded by dining and retail * Just 300m from Eastland Shopping Centre and Ringwood Station * Just 2 minutes’ drive from EastLink * Abundant public parking with a large car park at the rear * Currently leased at total $76,424.90 PA + GST. per annum * Freehold sale only Disclaimer: The information contained herein has been supplied to us and is to be used as a guide only. No information in this report is to be relied on for financial or legal purposes. Although every care has been taken in the preparation of the above information, we stress that particulars herein are for information only and do not constitute representation by the Owners or Agent. Our Lady of Perpetual Help School Wilana Street Ringwood Ringwood Secondary College Bedford Road Ringwood 46 Great Ryrie Street Ringwood Ringwood Heights Primary School 60 Summit Crescent Ringwood North Antonio Park Primary School 631-639 Whitehorse Road Mitcham Great Ryrie Primary School Great Ryrie Street Heathmont Norwood Secondary College Byron Street Ringwood Eastwood Primary School Alexandra Road Ringwood East Rangeview Primary School 27 Churinga Avenue Mitcham Marlborough Primary School Hardy Crescent Heathmont Mullum Primary School 18 Panfield Avenue Ringwood Waters Grove Heathmont Ringwood North Primary School 172 Oban Road Ringwood North 120 Oban Road Ringwood North 51 Centre Road Vermont 90 Alexandra Road Ringwood East Mitcham Primary School 294 Mitcham Road Mitcham 494 Whitehorse Road Mitcham Mullauna Secondary College 456 Springfield Road Mitcham Heathmont East Primary School Louis Street Heathmont Tinternvale Primary School Tintern Avenue Ringwood East 156-158 Park Rd Donvale Vermont Primary School 4-6 Nurlendi Rd Vermont Wantirna Heights School Kingloch Parade Wantirna Kalinda Primary School 39-49 Kalinda Road Ringwood Maroondah Secondary College 20 Brentnall Road Croydon Vermont Secondary College 727-63 Morack Road Vermont Yarra Valley Grammar Kalinda Road Ringwood Bayswater Secondary College Orchard Road Bayswater Park Orchards Primary School 1-3 Bowmore Avenue Park Orchards