27 Ringwood Street Ringwood VIC 3134

GormanKelly is pleased to offer 27 Ringwood Street for Sale.

Comprises a fantastic opportunity to secure a fully let office building in the heart of Ringwood offering development upside and potential for value add. The building is leased to a range of longstanding and secure tenants including MEGT and Jenny Craig with a current income of $247,650 per annum plus outgoings & GST (as at 1st Jan 2013).

The property occupies a high exposure site of 908m2 with potential for redevelopment to 7-8 levels and is positioned directly opposite Eastland Shopping Centre. The building has a net lettable area of 951m2 with 34 under cover car spaces. Great opportunity for investors, developers or owner occupiers.

The property is located in Ringwood, approximately 28 kilometres east of the CBD on the western side of Ringwood Street directly opposite Eastland Shopping Centre which is soon to undergo a substantial redevelopment and expansion. Ringwood Street forms the heart of Ringwood being in close proximity to bus services, Eastlink and Ringwood Train Station and is located around the corner from the Costco Store which is currently under early stages of construction.

Ringwood Law Courts are also located nearby on Ringwood Street. The property is positioned around the corner from Maroondah Highway where there are various retailers including McDonalds, Honda and Rivers, together with other restaurants and showroom users.