*OFFERS UNDER REVIEW
PRIVATE SALE BY CLOSING DATE: 27TH JUNE 2024 AT 1PM
This purpose-built tyre store has been held closely by the same family since 1963, and as they shift gears into another direction, the opportunity to own 826 sqm* of Maroondah Highway real estate is as significant as it gets. With over 60 m* of frontage wrapping around to New Street, the 587 sqm* includes 170 sqm* of mezzanine storage. It has been occupied by Beaurepairs and the agreement is set to conclude on the 17th of March, 2025. They’re paying $169,703.04 per annum plus GST and outgoings for the pleasure, not to mention the 29,000* passing vehicles here daily, making this a future-proof addition to an astute investor’s portfolio.
There are several strategic options for a package of this calibre. Suppose you’d like to wait out the lease. In that case, it offers a premium opportunity for occupiers, particularly automotive operators and retailers wanting a showroom to place their business in a high-exposure location. In saying that, developers have the opportunity to reimagine the property and capitalise on the airspace above, the premium location, and the corner position.
It faces Ringwood Square Shopping Centre, anchored by Coles, Bunnings, Aldi, and over 30 specialty stores, but a little further down the highway you’ll also find Supercheap Auto, Savers, and McDonald's. For Westfield shoppers, Eastland Shopping Centre is only 750 m* away, and for bulk buying, Costco is 50 m*.
Accessibility doesn’t get better. Ringwood railway station sits 750 m* away, but the 742 and 901 bus stops are within 50 m* from your doorstep. For when you’re behind the wheel, the Eastlink is quite literally around the corner, and so is the Ringwood bypass.
- 826 sqm* total land area.
- 587 sqm* total building area.
- 170 sqm* including mezzanine storage.
- Short term lease in place.
- Passing rental $169,703.04 per annum plus GST and outgoings.
- Activity centre zoning.
- 29,000* passing vehicles daily.
- 750m* to Eastland Shopping Centre.
- 750m* to Ringwood railway station.
- 50 m* to the 742 and 901 bus stops.
- 1 min* drive to the Eastlink.
POINT OF VIEW:
A site surrounded by retail prowess, holding its own as the highway’s knight in shining overalls. This is the East’s biggest and most blatant opportunity for unparalleled future value.
*Approx.
Pricing excludes GST
