FOR SALE
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52 Palmerston Road E
Ringwood VIC 3134

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 489m2
Land area: 992m2
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Central Ringwood Industrial + Yard Investment

RWC proudly presents this prime industrial warehouse in the heart of Ringwood.
Primarily located just off Maroondah Highway and Eastlink, providing ease of access to major arterials.
The property has huge frontage to Palmerston Road East, providing ease of access to any of the four roller doors on site via the front and side yard area.
Presenting a variety of future opportunities to the astute investor to further subdivide or potentially re-develop (STCA) or continue on leasing the current facility.
The property features:
• Zoning | Industrial 1
• Frontage | 20 metres
• Lease | Three (3) years
• Return | $73,202.10pa net
• Increases | 3% pa
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Property Details for 52 Palmerston Rd E, Ringwood

Building Type
Commercial
Floor Size
489m2
Land Size
992m2

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About Ringwood 3134

The size of Ringwood is approximately 10.2 square kilometres. It has 35 parks covering nearly 13.2% of total area. The population of Ringwood in 2011 was 16,008 people. By 2016 the population was 17,450 showing a population growth of 9.0% in the area during that time. The predominant age group in Ringwood is 30-39 years. Households in Ringwood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ringwood work in a professional occupation. In 2011, 62.7% of the homes in Ringwood were owner-occupied compared with 58.6% in 2016.

Ringwood has 12,251 properties. Over the last 5 years, Houses in Ringwood have seen a 19.11% increase in median value, while Units have seen a 11.59% increase. As at 30 November 2024:

  • The median value for Houses in Ringwood is $1,024,398 while the median value for Units is $635,950.
  • Houses have a median rent of $620 while Units have a median rent of $500.
There are currently 41 properties listed for sale, and 11 properties listed for rent in Ringwood on OnTheHouse. According to CoreLogic's data, 497 properties were sold in the past 12 months in Ringwood.

Suburb Insights for Ringwood 3134

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Brett Diston
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Ray White Commercial Diston Asset Services
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.