56 & 58 Charter Street Ringwood VIC 3134

GA Industrial & Commercial is pleased to offer 2 premium sites, 2 titles on combined 1,806 SQM of land and one sale, as a secure investment with great future development opportunity in Ringwood's best.

First time ever on market, and situated in the Activity Centre Zone 2, (ACZ 2), this investment site has multi use development potential of up to 8 storeys, including commercial, retail and/or residential (STCA).

Perfectly positioned within the Ringwood business precinct, next door to Ringwood Square, Bunnings and Costco, and only a few hundred metres away from Eastlink, Maroondah Highway and Eastland, the sites provide a strong rent return and incredible future development upside.

With tenants such as Burson Automotive, part of ASX listed Bapcor and Tankards Auto Repairs, in business for over 40 years, having long leases with 3% annual rent increases, this asset offers significant capital growth potential.

Key features:
Zoned ACZ 2 - up to 8 storeys high (STCA)
Land size 1,806 sqm *
Building size 1,286 sqm *
Net Income rent $167,000 Plus GST
Outgoings payable by tenants
25 carparks
2 secure tenancies
3 Phase power

Information Memorandum, Planning report and Contract of Sale available on request

Contact Gabriela Ammendola for further information
(approx.*)