2/11 Old Lilydale Road Ringwood East VIC 3135

Previously used for Hairdressing & Accessories, this versatile property offers the flexibility of a commercial free hold and separate 2-storey residence.

Rental income estimate break-downs:
- Shop: $20,000-$22,500 pa net Estimated
- Residence: has been leased as an office for $20,394 pa till 16/6/2022 with a 1-year option
- Total potential income: $40,000 - $42,500 pa net

Property details:
- Commercial 1 Zoned
- Commercial area: 75sqm
- 2-Storey residence area: 186sqm
- Total area: 261sqm
- Land area: 257sqm

Located close to Maroondah Hospital, Maroondah Highway and Mount Dandenong Road, it is ideal for both owner occupiers and investors alike.

* Hairdressing fit out available for purchase separately.