FOR SALE
Expressions of Interest

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 + 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 | $71,070 pa 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 12,110 properties.

    There are currently 50 properties listed for sale, and 6 properties listed for rent in Ringwood on OnTheHouse. According to CoreLogic's data, 473 properties were sold in the past 12 months in Ringwood.

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    Brett Diston
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    Ray White Commercial Diston Asset Services
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