Central Ringwood Investment Opportunity!

Sold - Unit 5/36-40 New Street, Ringwood

Investment opportunity, Industrial

Sale Details

Sold on 07 Dec 2017

Building Area 362m²

Overview

Sale History ID: 29516
Property ID: 14139
Advertised Price: Contact Agent

Description

This modern warehouse investment is located at Unit 5, 36-40 New Street, Ringwood, and now available for sale by Public Auction Thursday 7th December at 12 noon on site.

Ideally located in Melbourne's eastern suburb of Ringwood, 26 km* from the CBD; within minutes from Eastlink, Maroondah Highway and the Ringwood Bypass, the property is perfectly positioned to take advantage of substantial upside in booming Ringwood.

Property features include:

- A new lease to Urban Float House Pty Ltd- Floation therapy and wellness centre. website www.urbanfloat.com.au
- Rental $37,500 per annum
- Term 3+5+5 years from 15th May 2017
- Total floor area of 362m2*
- Parking on site for 5 vehicles
- Close proximity to Eastland Shopping Centre, Costco, Bunnings Hardware and Ringwood Railway Station
- Commercial 2 zoning.
- Unit 6, the adjacent property is also offered for sale, featuring a floor area of 371m2* and is offered with vacant possession

For further information or to arrange an inspection, please contact CVA Property Consultants today!

*approx

Additional Info
Features
TenancyUrban Float House Pty Ltd
Lease Term3 + 5 + 5 years
Commenced15th May 2017
Rent Reviewannual 2.4% increases, market at options
Bond/GuaranteesEquivalent to 3 months rental plus GST
Outgoings PayableTenant excluding land tax
Car Spaces5 On site
ZoningCommercial 2
Outgoings
Agent Details
CVA Property Consultants - Stan Dawidowski

Stan Dawidowski

M | 0400 448 755
T | (03) 9623 2556
E | [email protected]

CVA Property Consultants - Jarrod Moran

Jarrod Moran

M | 0413 251 621
T | (03) 9623 2589
E | [email protected]

CVA Property Consultants - Ian Angelico

Ian Angelico

M | 0418 336 088
T | (03) 9623 2578
E | [email protected]