$1,260,000

100% Let with 6% Yield | Seize this opportunity to secure a substantial freehold premises in a prized Activity Centre Zone. Spanning two separate shops on one title, with dual frontages to Maroondah Highway and via Public carpark to Seymour Street, the shops are currently leased individually to provide two income streams totaling $76,424.90 PA + GST and Outgoings.

The ideal astute investment opportunity or as your own future business premises or explore future development opportunities available under the Activity Centre zoning, which provides potential for a multi-level development of up to 8 storeys (STCA),. Strategically positioned at the heart of Ringwood’s commercial precinct, just 25km east of Melbourne’s CBD.

* Total Land area 259sqm approx.

* Total Building area 250sqm approx.

* Front retail store on Maroondah Highway currently leased to an Indian supermarket

* Rear retail store currently leased to a large beauty salon

* Split system air conditioning and heating throughout

* Kitchenettes and storerooms in both shops

* Thriving central location surrounded by dining and retail

* Just 300m from Eastland Shopping Centre and Ringwood Station

* Just 2 minutes’ drive from EastLink

* Abundant public parking with a large car park at the rear

* Currently leased at total $76,424.90 PA + GST. per annum

* Freehold sale only

Disclaimer: The information contained herein has been supplied to us and is to be used as a guide only. No information in this report is to be relied on for financial or legal purposes. Although every care has been taken in the preparation of the above information, we stress that particulars herein are for information only and do not constitute representation by the Owners or Agent.