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196 Warrandyte Road
Ringwood North VIC 3134
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196 Warrandyte Road Ringwood North VIC 3134

  • Shop & Retail
  • 158 m²
  • Commercial Auction

PREMIUM PHARMACY INVESTMENT OPPORTUNITY

  • NEW 5 YEAR LEASE
  • LEASED TO WELL ESTABLISHED BUSINESS
  • LARGE COUNCIL CAR PARK AT THE REAR

Vinci Carbone is pleased to present this highly sought-after healthcare sector investment located within the tightly held Ringwood North Shopping Village.

This excellent opportunity is anchored by the North Ringwood Family Pharmacy, which has recently secured a renewed 5-year lease extending to 2029, featuring fixed annual increases that ensure consistent rental growth. North Ringwood Family Pharmacy have occupied the property for over 16 years.

Notable Features:

+ Property Overview: Spanning an impressive 158 sqm*, this retail premises offers a substantial opportunity for investment.

+ Tenant Profile: Currently leased to North Ringwood Family Pharmacy, this property features a renewed 5-year lease extending to 2029. It generates an annual return of $59,635 per annum* plus outgoings plus GST, complemented by fixed annual increases that ensure steady income growth.

+ Investment Potential: This represents a rare opportunity for investors to acquire a highly sought-after healthcare sector asset in a strategically advantageous location, promising both stability and growth.

+ Convenient Accessibility: The property is well-served by public transport, with regular bus services operating along Warrandyte Road. While Ringwood Train Station is a short drive away, the location ensures easy access for customers and employees alike.

+ Exceptional Location: Positioned adjacent to the Ringwood North Shopping Centre, anchored by a prominent IGA supermarket, this property benefits from close proximity to key institutions such as Norwood Secondary College, Eastern Health Maroondah and Swinburne University of Technology – Croydon. The location also provides quick access to major road networks, including Eastlink, Maroondah Highway and Ringwood Bypass, enhancing connectivity to the broader region.

Note: North Ringwood Family Pharmacy also occupies the adjoining property at 198 Warrandyte Road - please note that 198 Warrandyte Road is a separate property and is not part of the property which we are selling at 196 Warrandyte Road.

We strongly recommend considering this magnificent investment opportunity.

Auction: Tuesday 3 December at 2.30pm on-site

*approx.
 

Auction date and time03/12/2024 14:30
Auction location196 Warrandyte Road, Ringwood North VIC
Vinci Carbone Property
Vinci Carbone Property
L10/100 Collins St
Melbourne, VIC 3000
Frank Vinci
Frank Vinci
0418375375
Zach Molinaro
Zach Molinaro
0488 300 575

Property Highlights

Floor Area158 m²
Land Area193 m²
ParkingOn street parking
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019629288
Category
Last updated  12 Nov 2024
Map for 196 Warrandyte Road Ringwood North VIC 3134
Vinci Carbone Property
Vinci Carbone Property
L10/100 Collins St
Melbourne, VIC 3000
Frank Vinci
Frank Vinci
0418375375
Zach Molinaro
Zach Molinaro
0488 300 575

Property Highlights

Floor Area158 m²
Land Area193 m²
ParkingOn street parking
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Property ID2019629288
Category
Last updated  12 Nov 2024

Co-Agents

Frank Vinci
Frank Vinci
Vinci Carbone Property
Call
0418375375
Zach Molinaro
Zach Molinaro
Vinci Carbone Property
Call
0488 300 575

More about 196 Warrandyte Road Ringwood North VIC 3134

196 Warrandyte Road Ringwood North VIC 3134 is categorized as Shop & Retail Property. It has a floor area of 158 m² and a land area of 193 m². The listing ID for this property is 2019629288.

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