2/299 Maroondah Highway Ringwood VIC 3134

Shop & Retail
150 m²
Sold, $800,000

Highway highway frontage at a modest price!

5.4% net return with renewed lease!
Outstanding opportunity to secure leased premises currently returning $47,380 net p.a, with reversionary upside.
Lease provides term till 31 March 2026 with two further terms each of 3 years incorporating 3% annual increases from 1st April 2024, and a market rent review at the beginning of each further term.
Serviced by excellent on site parking, exposure and proximity to arterial roads.
Arrange your inspection by calling the conjunctional agents.

Lemon Baxter Pty Ltd

Level 1, 68 Clarke St

South Melbourne, VIC 3205

Property Highlights

Date Sold	17 Aug 2022
Sold Price	$800,000
Floor Area	150 m²
Land Area	Ask Agent
Parking	On site parking available
Property ID	2017905634
Category	Shop & Retail Showrooms / Bulky Goods
Last updated	18 Aug 2022

Map for 2/299 Maroondah Highway Ringwood VIC 3134

Nearest transport* to 2/299 Maroondah Highway Ringwood VIC 3134

Bus

Train

Larissa Ave/Maroondah Hwy (Ringwood)	33 m
Larissa Ave/Maroondah Hwy (Ringwood)	147 m
Mt Dandenong Rd/Maroondah Hwy (Ringwood)	320 m
Oliver St/Maroondah Hwy (Ringwood)	404 m

*Within a 4km radius

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Lemon Baxter Pty Ltd

Level 1, 68 Clarke St

South Melbourne, VIC 3205

Property Highlights

Date Sold	17 Aug 2022
Sold Price	$800,000
Floor Area	150 m²
Land Area	Ask Agent
Parking	On site parking available
Property ID	2017905634
Category	Shop & Retail Showrooms / Bulky Goods
Last updated	18 Aug 2022

Listed by

Lemon Baxter Pty Ltd

Call

03 9699 7500

More about 2/299 Maroondah Highway Ringwood VIC 3134

2/299 Maroondah Highway Ringwood VIC 3134 is categorized as Shop & Retail Property. It has a floor area of 150 m². The listing ID for this property is 2017905634.