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2/299 Maroondah Highway
Ringwood


$880,000 as a going concern

Property Features


Property ID: 3473888

Building Size
150 m2

Highway highway frontage at a modest price!


5.4% net return with renewed lease!
Outstanding opportunity to secure leased premises currently returning $47,380 net p.a, with reversionary upside.
Lease provides term till 31 March 2026 with two further terms each of 3 years incorporating 3% annual increases from 1st April 2024, and a market rent review at the beginning of each further term.
Serviced by excellent on site parking, exposure and proximity to arterial roads.
Arrange your inspection by calling the conjunctional agents.