20/204-206 Warrandyte Road Ringwood North VIC 3134

Shop & Retail
55 m²
Sold

The Ultimate Entry Level Investment in Popular Ringwood North Shopping Centre

* 4.4% net return
* Greater return and cheaper than the average-priced apartment in Ringwood
* Situated among well-known businesses including Ritchies Supa IGA supermarket, Dominos Pizza, Bakers Delight, Anytime Fitness and Australia Post
* 55 sqm retail shop
* Net rent $20,160 p.a. + GST + Outgoings
* Tenant pays all outgoings including council rates and body corporate fees
* Lease signed February 2020
* 4 years + 4 years
* CPI increases per annum
* Large car park (315 bays) that services the shopping centre
* Ducted heating and cooling throughout the tenancy
* Prominent location with regular patrons
* Located next to North Ringwood Medical Centre and Bounce Health Group
* Shared male & female toilets on the ground floor
* Favourable Commercial 1 Zone
* Secure 6 month bond